Is this possible??? Structuring financing for a rehab.

[Mike Nelson]

I would like to know if this is possible. Let's say that I have a property under contract for 40k and the ARV is 100k. If i get the property under contract in my name and then assign it to an LLC for an 10k assignment fee.

I have a HM lender that will lend up to 65% ARV, will the hard money lender lend 65k and I would be able to use the 10k to pay for closing and repairs on the property?