Hard money loan, possible partner? Ideas? Help...

[Nicholas Salnicky]

Sooooo, I found an awesome deal, it's listed below value. I need short notice financing, I am so new to this i haven't secured financing with a portfolio lender yet.

I found a house today that's an awesome deal, in a desirable area in Omaha. It has no garage. Was going to put new concrete in the driveway and throw up a detached garage. It's technically a 2bd/1 bath right now. It can easily be converted to a 4/1 because the rooms are already framed out, just need to change out the windows in each room and make them egressed per code. Was looking to take some square footage from the dining room and make a master suite and put a bathroom in ther basement. So this property would be a 4/3 with a master suite there are none like this in the area. There's a 4/2 with no master suite with 400sf less going for 169k going for $126/sf it does have an attached garage.

So the total all in budget on this property is 165-170k this would completely deck this house out. Create an open concept, make it a 4/3 with a master suite, completely update interior and exterior. Even at $120/sf with 1700sf that's $204k and we're all in at 165-170k. After running the numbers on a flip this house should generate a +20% return. Also they are developing a beautiful park with a little lake and building brand new apartments on the other side of the lake I can't see this property not appreciating.

I need a hard loan or a partner the guy i was working with keeps backing out of deals, i think he's afraid to pull the trigger. The agreement since im a Class C GC, he was going to provide financing and i was going to do the project management and work.

Anyone have any ideas?