A Quickie? Lending on short notice

[Dave Godfrey]

Greetings BP!

Someone whom I met recently came to me with an offer.   They have a house they are closing on... and they need some $... and fast...

I am new in this lending space... and he said he is new in this type of situation as well.  I'll put the numbers down below... Closing is supposed to be tomorrow!  I just came into the picture today (about 24 hours ahead of closing).  Lots to sort out... 

The pre-settlement HUD says his LLC (only)... as a lender I want to be protected... so can we change the HUD to also include my LLC too at this stage?

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Purchase Price $35k  (my money into the deal)

Rehab & Holding costs (the person who presented the deal's money)  $45k

Total Cost (Purchase + Rehab + Holding Cost) = $80k

ARV $160k

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This is a low LTV from my (lender) perspective... but want to expedite closing but with adequate protection.  If there cannot be not two LLC's on title... are there forms/contracts/agreements that anyone would suggest?   This is a WIN-WIN but we need to push it over the goal line quickly.

Thanks in advance for any help!!!