Where To Hold Private Money During Rehabs

[Robert Herrick]

Hello All!

I am about to purchase a house to flip in Alabama at a great price. A private money lender is going to send me $200,000 to buy and rehab the house. It sounds like there are no escrow companies in the area that can hold the money for the rehab work out there. I would rather not put the money in my account. Do you all know of other methods I could use to hold the extra $60,000 in a seperate place? So that everything stays clean and neat?

Thanks