Private lender backing out of deal

[Avril George]

We are approaching the end of a flip in Vero Beach, FL with roughly 50k worth of work remaining. One of our private lender partners is pulling out of the deal, leaving us with the 50k shortfall, it appears his financial situation has recently deteriorated. We are maxed out completely! However, once the project is completed we have a lot of equity. (ARV is 900k, current mortgage is 420k).The hard money lenders we've spoken to want us to put money down which exceeds the 50k we need and defeats the object. The one lender who is intrested wants us to pass final inspection before he can lend on the house. Does anyone have ideas on how we can raise the shortfall? Again, we have no lines of credit, credit cards, family members,401k loan etc. we can tap into.

[Jay Hinrichs]

you probably need an equity partner since its going to be tough for anyone to do a small loan behind a big first

sent you a PM