These people are not necessarily in the business of lending money and loans from them can be negotiated in any number of ways.

I also still have 60% of my line available, along with current savings to do another deal.With respect to paying off the seller note, I have been working with a number of people discussing private lending.

He wanted me to paypal him 750 so that he would send the 20k needed to bridge the gap in the loan.While Facebook can be great to connect with institutional loan officers, mortgage brokers, etc.., true private money is a little more difficult in my humble opinion.

This isn't a lending requirement but have some boots on the ground other than just the construction company.

Do you have any recommendations on a lending source for a property such as this?

Loan amount is essentially unchanged since the loan is just under 2 years old.I thought the lending process was absolutely obnoxious last time around so I was wondering if anyone had any good referrals or recommendations.

I make my money lending money to investors. 

Find a couple of lenders who lend in the area you are looking at. 

You might also meet title agents who have resources on, say, foreclosures or probates…and might recommend lenders who actually lend on more difficult projects (as the title companies also know which lenders can close and which are difficult).I also go visit open houses to see what sorts of finish to put on my renovations or to look for the next house or area in which to purchase.  

In application, if someone comes to me on a home they just purchased w/ nothing down, the FHA Title 1 loan will lend them up to 25k on a SFR or 12k per unit on a multi up to 5 units.Jason