Fix and flip/construction loans

[Mary Jay]

hi guys,

I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.

Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)

Correct?

Is there a lender who will lender who will give the construction budget right at the closing (when I purchase the property)?

I have some equity in my rentals but dont want to touch them with the interest rates being so high...

If there was a lender who could lend without me needing to save up the 65k-that would be great!

Thank you!