HML or NOO Financing w/cash out in IL

[Karen Fayson]

Looking to do my first fix-n-flip. Although this is the first in my portfolio, we have ran a successful roofing and remodeling company for years, so my team is already in place and we are very familiar with this aspect of flipping. My problem is finding reasonable terms with a HML or any other lender in our area (Chicago suburbs). We've already identified a couple of deals, but I'm getting terms like 30% down, plus fees, 13% interest for 12 months. This seems to go against everything I've read in the forums, researched through Scotsman Guide, etc. Credit is excellent - 793. Good income. Cash on hand of approx. $50,000. Of course, I'm looking to not use all of my cash; with our experience in remodeling, credit rating and income is there any lender servicing Chicago-land that offers more reasonable terms? Or, does this not exist in the area?