Looking for lender options

[Justin Bock]

Hello, I’m in the process of negotiating on a property. The sales price would be $200,000, the property rehab would be approximately $80,000-$100,000 and the ARV would be anywhere from $400K-$450K. I’ve secured preapproval for a conventional homesense loan but the closing time on that is 45-60 days. The seller needs to have a fast close so I’m exploring HML or other options. I’m a first time rehabber so I’ve noticed that most HML lenders have really awful terms for first timers. I’m in North Carolina and was hoping somebody could direct me to reputable lenders that will work with me. Our credit scores are over 800 and my wife and I make about $134K a year. Can anybody help?

[Adam Schneider]

@Justin Bock I do lending but would never touch a deal with a deal with a first timer doing that large of a project. If you are willing to share how much you are willing to bring to the table, that might help people on the site share solutions. Are you just looking for the acquisition funds, or are you looking for acquisition and rehab money?