How To Choose Type Of Financing?

[Mike C.]

We have 100% equity in a SFH rehab project not quite ready for conventional financing that should appraise for ~$285k in a few months and rent for ~$2000, but I'm cash-poor. Want to refi this property for $93k for the down payment and closing costs on a SFH buy-and-hold that seems very attractive--no problem getting a 30CONV on that one with 25% down. That conventional lender also had no problem with us borrowing the down & closing against the incomplete rehab, if we could do it.

How can I find advice on figuring out the least expensive type of non-conventional financing that suits our situation (830 FICO, good income, experienced landlords, other properties with decent equity)?

[Mike C.]

@Saravanan Saravanan  Thanks. So I should just dive in and get some quotes from lenders, hoping to the best terms on asset-based loan products?

Is there a process I should adopt on how exactly to vet a lending company I've never heard of, and even then, exactly what details of my personal financial information I should divulge? I remember going to car dealers and them insisting they could not let me test drive a car until they had my DL, which is reasonable, but then finding that they had done a hard pull on my credit without my permission by the time I had returned. Kind of wary these days with data...