hi karl. sounds like you actually have a good start here in this business. bill is partly right. of all the answers here, i think he has some good advice. that being said, you need the think outside of the box here. you said you will have $80k into the place if you fix it up to basic standards, and it would be worth $150k. ok, those numbers are great. but here is an idea you don't seem to be considering. you own the house free and clear. no mortgage to anyone. you and your buddy want cash out of the deal. then your only option right now that really makes sense is to finish the place to basic standards, go refinance the place for what the bank will lend you, split that money and then rent the place out to make the payments. you get the benefit of getting all your money back, plus a few buck on the side i would bet, and when you rent it out, the tenant is making your payments. whats wrong with that idea???

Most banks will not lend to LLC's.Find a good real estate attorney, perhaps by networking in your local real estate investment club, and seek their advice.

Sorry, not looking to lend at this time.  

I do know of a few other portfolio lenders that lend on fix n flip houses in case you need more of those types of lenders.

Talk to a local bank @Peter Lee with a commercial lending department.

They must be housed in a Florida financial institution.

If you need financing, go to your local bank and ask to see the head of commercial lending.

Initially I would like to find a bank/credit union that lends to small time investors, but any other advice/recommendation is welcome.

They should have contacts in the lending, legal, and construction industries.

My background includes real estate sales,  mortgage lending and business lending.