Need to finance this deal

[William Benefield]

I am under contract on a multifamily (12 units) that needs rehabilitation. The cost for Reno is 165k. Property is 200k. I have 250k cash to invest. Own many other properties (all paid for with cash). Looking for my best finance option. I have 30days to close as of yesterday.

I see my options as finance the property and use my cash to rehab or pay cash for property and get a construction loan.

Thanks for your suggestions.