90-100% LTV for flips in Massachusetts?

[Tyler L.]

My partner and I are looking at foreclosures in New England in the $250k-$350k range to rehab and flip. We’ve looked at hundreds of listings to familiarize ourselves and have found about half a dozen gems (light rehabs that would be an all in of 60-70% ARV). I’m aware that most lender in the 90-100% range are less-than-legitimate. The problem is, we’re college students who alternate between working and attending school. We have good credit (by any standard) and a decent bank account (by college standards) but not enough to put down the standard 15-25% most HML and private lenders prefer. Our terms would have to be on the strength of the deal and our putting in what we have. Are there any HML or private lenders in New England that are willing to fund a very high LTV for the right deal? Conversely, what kind of terms would persuade a private lender to put up the 15-25% in exchange for second lien?