Help Please...Our offer was accepted and we need funding advice

[Mary White]

Okay, we're looking for some help. We have an accepted cash offer on a foreclosed 4-plex. We need to generate some funds for the purchase but from what I can see most of the lending is for fix and flip situations. This would be a BRRR property for us. We close Friday on another 4-plex through a 1031-exchange. We are using a portion of the 1031 money towards this property and do have savings to cover 50% easily of the foreclosed 4-plex. Both of them happening at the same time is leaving us a bit cash poor. My ideas so far are a home equity loan and a personal loan, but I don't know how long those take to close and we have 3 weeks to figure it out. The purchase price of the 4-plex is $116,500 and once repaired its value will be between $300,000-$350,000 (with $50,000-$75,000 in needed repairs for my high standards). Please if anyone has advice let me know.