If you are tight on cash, then you want to use the lender that has the least up front charges to minimize your contribution.When I need to close fact I use private money.

And they'll want you to pay off the loan pretty soon (and usually will you as the rate will probably be higher than banks) so there's that too.For this reason, we definitely prefer private lenders as they will (if you've built trust with them) often lend on the rehab too.

I’m currently working on a deal in Fort Lauderdale & actively looking for financing solutions like hard money or private lending.

I could never find anyone that had done business with them.I mean really anyone do no doc 5.75 % private money.. 

That is tight leverage for an investment 2nd position loan.A private investor might be willing to do it, it's not going to be cheap at all & will be short-term money & will not be a line of credit to take out at your liking.What is your rate on the 1st?

I want to discuss it privately, which is why I requested a PM.

Real estate is so localized that most federal based policy changes don't have massive influence.I can see him (semi-)privatizing Freddie/Fannie.

I imagine others don't like that it's in an older condo building without private laundry.

We use private lending to finance the purchase and construction of this home.

You have highlighted the advantage that local investors such as yourself have over national buyers such as hedge funds who are the largest buyers of non-performing mortgages.