Need private lender

[James Kandasamy]

Hi I need a private lender for a a house that I am buying to hold as rental. Details below Purchase price. 47k Rehab 38k ARV 125k I would need funding for 47+38= 85k. That is 68% of ARV . The 38k rehab can be release in stages as rehab progresses, I would refi to conventional loan in 3-8 months . We can talk if the funding can be done for longer term. I have the house under contract now. Location : San Antonio, TX Let me know if anybody need more details. James

[James Kandasamy]

@J Scott Thanks Scott for replying. 

 I can always bring money to the table but would like it to be minimal . I usually do double close with this kind of deal. First I would close it with Hard Money Lender with 70% (including rehab and closing cost). Then the 2nd closing with 75% refi where the 5% difference would absorb the refi closing cost. If I do it this way, it would be almost zero Cash out of pocket.

However if a private lender requires me to bring money to the table to ensure there is skin in the game, i would consider it.. 

James