I have an off market property as a lender we are taking back and need an agent. 

;) Hi Janet, Are you a hard money lender or a traditional lender?

Many lenders will not do a DSCR loan unless cash flowing.

As a second-position lender, however, this is unlikely, because your loan will probably be wiped out by the first.This is not a way to get into the lending business, Stanley. 

Quote from @Dan Farsht: I am looking to connect with other hard money lenders in the upper Midwest (our business is currently concentrated in the Greater Milwaukee Area). 

I just don't know where to find a private lender as anything I have googled looks to be for businesses or a scam. 

Your lender should use the f/f that can finance the property.  

The underwriting process is certainly more arduous than most acquisitions but through my personal experiences some of the lenders are far more knowledgeable about the requirements and make for a far easier process for both seller and buyer.

In my experience, you can absolutely use hard money in bank owned reo auctions...you still don't generally get access and thus need a lender who does need an appraisal in this scenario. 

If you want to develop it, I can refer you a lender that will lend on a completed subject to appraisal but you'll be limited if you just want it for the lot.If you simply want the land as part of your property, you have more options including a HELOC which you can still use for development down the road.