Looking for an affordable option for bridge financing

[Schnell Johnson]

Hi, I am considering using bridge financing through a hard money lender in order to put in a cash offer. I am in Atlanta and the seller is only considering cash offers. The hard money lender’s terms are very expensive and as a result I will need to quickly get the place renovated and rented so I can refinance into a conventional loan. The hard money terms takes a big bite out of the profits. Is there a better way to obtain bridge financing that is cheaper than 10.5%?