@Son D. the borrower paid off the loan a few months ago. 

The friend who shared this deal with us offered to provide the loan.

Quote from @Jaycee Greene: Hey Jaycee, we currently lend on several loan types: Fix & Flip up to 90% LTP, BRRRR, New Construction, Bridge Loans, & Multi-Family.For myself personally, I'm looking in the Orlando, Philadelphia, and Southern NJ markets, 1-4 units.

Quote from @Sri Reddy: We are a team who are venturing in to constructing a multifamily unit from groundup.We don't have any prior experience in construction and are looking for financing loan options.

For a 203k loan, you’ll want to target areas that have properties needing work but also a strong potential for appreciation after rehab.

in what I just laid out, you'd make monthly payments to the seller just like you would to a bank for 5 years, and then the remaining principal balance of the loan would be due, at which time presumably you would refinance the house into a commercial mortgage and use the proceeds to pay off the seller. 

5% Downpayment on a Conventional Loan How did you add value to the deal?

FHA loan with 5% down, plus a seller credit of $8k How did you add value to the deal?

Refi the house so they can continue to live in it, they will get the best loans on their primary residence.

If a HELOC isn’t an option, alternatives like a home equity loan, business line of credit, or a DSCR loan could work depending on your situation.