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Updated almost 13 years ago on . Most recent reply

Any HML in Atlanta, GA that doesn't have Upfront Fees?
I currently have a great potential rehab deal in GA. The deal has a buyer in place who has already signed a contract & made a deposit to purchase at our ARV! The only issue we have is cash, or lack of it. Deal looks like this.
ARV: $115k (apprasial done 5/31)
Rehab: ~$40k (2 contractor's bids done last week)
Purchase Price: $33k
Property is new construction that needs to be completed. All rough plumbing and electrical completed, mostly cosmetics need to be finished (i.e. flooring, cabinets, appliances, drywall in basement, deck, windows.)
Is there any HMLs out there that will fund on the strength of a deal without paying upfront fees? If so please let me know. I would perfer not to wholesale this deal, but I might be running out of time to get this thing done. Does anyone have any suggestions? Thanks.