I had two lines of credit one unsecured for 5 million ( check book) and another for 10 million that we would secure them up with .. but you need time to do that bank required appraisal etc before we could tag the secured line and even at that they only lent 72% in these commercial loan structures..

Which lenders consistently have the lowest fees and close on time? 

There are at least two I found on a quick google search including Central Indiana Real Estate Investors Association (CIREIA) and INDIANA REAL ESTATE INVESTORS ASSOCIATION.

Quote from @Jeremy Holden: Scott, ive seen the same thing on a few of his other posts.

@Kylie A.Yes, but have your lenders lined up before you dive in. 

For us that's 15% off the top line 

Also, by utilizing the field in the MLS for garage apartment or mother in law suite will help pick up in the searches online too.

Hi William,I live and invest in Indy (I am on the west side). 

I suspect it's an old line that failed and required replacement.

If you're willing to move to Philly, I'm sure you can find similar success with even less $ out-of-pocket.All the best to you on your journey!