Getting a personal loan to make a cash offer on a repo?

[Alycia Ludden]

I have an opportunity to purchase a foreclosure that I think will be a home run. My realtor suggests making a cash offer. We purchased our current flip with our heloc and maxed it out, however we are in the last stages in finalizing a refinance mortgage, we are waiting on a lien (that should have been removed at closing, the company hasn’t released it, it’s a total headache) to be removed. So it could be finalized tomorrow, or could be another 6 months, who knows? We could get traditional financing but really want to bring a cash offer to make it more appealing. Would obtaining a short term personal loan (12-24 months) to help bridge the time be my best choice? Any other suggestions? I could pull from my various IRAs but would prefer not to. Family/friends isn’t an option.