Collateral-Based Loan for Active Flip Project

I’m reaching out to explore financing options specifically a bridge loan, hard money loan, or any asset-based lending product your company may offer using a fully owned investment property as collateral.

This is my second real estate flip. I’ve been hands-on throughout the process, from acquisition and renovations to budgeting and timelines. I’ve already put significant capital and sweat equity into this project and am now seeking short-term funding to bring it to completion. My goal is to complete this renovation efficiently and sell the property based on market conditions.

Due to a current credit score below 600, I’m looking for a non-traditional lending solution. I’m not asking for unsecured credit instead, I’m offering a strong equity position as collateral, with a low loan-to-value ratio and a clear exit plan.

The property is located at Wisconsin. It is held under my LLC and is currently free and clear of any mortgages. I purchased the property for $52,000 and have already invested $35,000 into renovations, bringing my total investment to $87,000. The estimated after-repair value is $165,000. I am seeking $20,000 to $25,000 in additional funds to complete the project. I also have $13,000 available in personal savings to contribute toward the final stages of the renovation.

I’m seeking a short-term funding solution to bring this project to completion, with a strong exit strategy in place. I believe this project presents a mutually beneficial opportunity, with a low loan-to-value ratio and significant built-in equity to protect your investment.

Additionally, if your lending structure allows co-borrowers or co-signers, I’m open to adding one to help strengthen the application if that helps meet your lending requirements.

Please let me know if you offer any loan programs that align with this type of project, and what documentation or next steps would be needed to move forward. I’m ready to proceed and can provide any further information you may require.

Best regards,

Bernard