Special Build Circumstance

[James M Swartz]

I have completed 5 flips / builds over the past 11 years.  I did a rather large project for the last build and took a 1700 sqft foot print and turned it into 4400 sqft foot print and basically built a new home in the old homes place.  I was the first to do such a build in the neighborhood.  Highest sale prior was $459,000.  I sold mine for $735 in 96 days on market and it appraised.  I have another home walking distance from that home that I am currently doing and that is where my challenge lies.  The home is currently demoed and all waste plumbing installed, tested, and passed.  Slab was poured, and now approved by city to frame.  There is currently a mortgage in place on the property for $246,000.  I need $200,000 to complete the build and can be completed in 6 months or less.  The projected sales price range is $800,000.00 on top side to $700,000.00 on the low side.

Now I am having a very hard time getting anyone to loan money for this project because it has already been started before the money was in place.  I am open to suggestions.  I have tried several hard money lenders and other financial roads, and they all end so far in a no.  HELP!