Private/Hard Money Lending

[Michael A Rytina]

Hello- I've found an incredible deal on a SFR home, but unfortunately cannot qualify for a Conventional Loan

My credit took a hit this past year and most likely Hard Money Lenders will shy away too- is there any hope? House as collateral ? I have $15,000 cash to put down, but the property is $55,000 with an ARV of $105,000 - $115,000 - Rahab costs estimated $16,500

Is there any possible hope with bad credit to get the deal done, or basically should I just start looking for a cheaper property I could pay cash for?  Hate to fill out 10 Hard Money Loan apps only to be turned down.... especially after paying an inspection fee ! 

Thanks for any help !

Mike