Lenders for Auction Flipping

[Connor Feist]

Hi all,

I'm planning on participating in an auction process in about a month on a condo property in Florida. I was wondering if anyone in this community had recommendations on short term lenders that I could tap for acquisition capital (likely between 60-80% LTV). If I can win the deal at an attractive price I would expect my hold period to be 2-3 months (minimal rehab needed based on preliminary pictures).

Does anyone know what market rates are for short term (less than 1 year) loans around $300-400k today?

Additionally, if anyone here has experience with purchasing residential real estate via auction processes - please let me know of your experiences. I'm planning to walk the property with an agent, appraiser and general contractor ahead of participating in the auction. Seems like the seller (gov't) won't be paying any buyers agent or closing costs other than providing a clear title. I'd like to negotiate with my realtor a lower fee on the buyside if I guarantee them a 3% fee on the sell side - is this off base for any reason? 

Any thoughts or experiences would be very helpful!