These type of loans can help keep you liquid while moving through your projects.However, they are bridge loans and come at a cost and with risks. 

Jay Hinrichs I’m actually doing a deal out of Pennsylvania with a partner so we need to come up with some funds for the bridge

We originally started this company not as a lender (except for commercial bridge loans), but as a fund that purchased severely delinquent real estate loans backed by commercial real estate and deep discounts from the collateral value during the last crash.

They bridge the gap between the unknown of how to get started and the successful real estate investment operation.

So for wholesalers who know they dont have any money or private lenders, my approach mentioned above is the best way to go as it keeps everyone happy and no bridges were burned. 

He is local also and does bridge loans.

I always have several backup plans and I make it a point to avoid burning bridges so that I always have lots of employment options. 

What strategies have people used to "bridge the gap" that the HML won't cover?

I never did that though, no since burning bridges when just starting out.

I had a .22 Ruger 6" barrel that was a blast to shoot, use to plink cans out of the water from a bridge (no traffic) firing at almost full auto speeds leading into the target.