2nd position multi family loan for repairs Texas small complex

[Mauricio Ramos]

Hello,

Could you please advise on how to find a private lender that is willing to lend money for repairs on a multi family with a 2nd position as security? I know that lenders see this as more risky, so my questions is how to present the deal to such lenders to make more attractive to them? What kind of interest rates should i be expecting to pay? Is interest only an option? I am looking for around $60k.

Thanks in advance!

Mauricio