What are the options?

[Anyl Tyon Pascal]

Hello BP, 

I am looking for sound advice on this situation...

My mentor and I have home, and land that we own out right in the Richmond,VA metro area, the home needs a total rehab that will cost about 40K to bring it to market value. We are discussing "Hard Money Loans" but the issue with this is 1) we only need the rehab funds. 2) We are both going have an issue being approved for a conventional loan do to the fact that we area both full time investors.

What are some options to circumvent this issue? Thx!