Finance a double close

[Nathan P.]

Hey Guys I have a creative deal I put together and the financing for it is going to have to be just as creative.

I am buying two properties next door to each other and subdividing portions of the very large backyards to create a 3rd lot to sell for the profit (see pic.)

Both home are in good condition and upgraded (minimal oppotunity to add value.) I am purchasing the homes at fair market value and close next month.

The engineering and city applications are already submitted for the subdivision and signs indicate it will be approved or else no deal.

I have the homes under contract and the property owners have signed another listing agreement to allow me to market their homes to the next buyer. So my plan is to already have a buyer for the homes at the closing table to sell them the home I just purchased minus the portion of the backyard for the new vacant lot.

My question is where can I get the funds to close on the property before the next buyer comes in? I really only need the money for a day. I have thought about hard money lenders but most of my contacts lend on properties that are significantly under value so that if they need to take the collateral they are in a good position. There is an upside of over 100k once all 3 properties have been sold.