Many HELOC or second mortgages are fixed interest rates and depending on the loan amount, even offer 100% online and no appraisal requirement for issuance.

I am acquiring an assisted living home (RE+business).RE appraised for $1,320,000Business for $80k.I have the RE portion already financed through banks but am needing $80k for the business to get the deal done.I’m looking for $80k short term loan for at least 6 months so that I have enough time to get a more stabilized business loan.

Now, someone please walk me through this process, from downpayments to appraisals, inspections to attorneys, etc. 

Quote from @Joseph Beilke: @Robert EllisHere are the basic numbersBuy Land $53K Cash  2022Investor partner 1 Cash Build $435K, Tenants placed, Appraisal $560K Early 2023Builds 2 and 3 Builder funded including land. $511K Each. 

Investors in your position can perform a fast rehab and in as little as 90 days refinance out of the interest only fix and flip loan and into a DSCR loan, 30 yr fixed product in the 7-8% range - cash out is available up to 75% of the appraised value at the 90 day mark.  

. :)  So i turn them to yes or no in 24 to 48 hours so i dont hold anyone up.Just had one today  Pacific Palisades land deal  appraised 50mil but guy will take 20 mil if we can close in 10 working days.. needs dough for a deal in Vegas..

the appraiser doesn't know, or care, how much you owe.  

Waiting for appraisal and mortgage before I have a conversation with them. 

Not only are there no banks or traditional lenders involved, owner financing doesn’t necessitate an inspection or appraisal unless the buyer wants them.Once a buyer and seller agree to terms, monthly payments are made to the owner-seller according to an agreed-upon amortization schedule.

The home was appraised for $464,000.