Hard Money for Auction

[Jon Lincoln]

Hi All, I have been watching a deal on Hubzu that seems like a clear win. The home ARV would be $550k-$600k and I believe I could win the auction for $380k. The house was built in 2003. My question is the auction is ‘cash only’ and I don’t have that kind of money laying around. Does anyone know of a hard money lender that would float money to purchase an online auction property? After the purchase I would do renovations and refinance. Do you know if a ‘hard money lender’ would be considered a ‘cash only’ purchase or would that not qualify as cash for an online auction? I appreciate any advice. Jon