Private money advice needed

[Austin Davis]

Hello BP! I just got my license not too long ago and met with a client yesterday with 25 years fix and flip experience who has 2 out of state (GA) properties under contract for 50K each that he will do new builds on. The plans are ready and construction will start right after closing. He will put 500k into each of them and has comps and appraisals that support a minimum ARV of 750-800k for each property. The catch is that he closes in 3 weeks and he would like to find a way to be no money down if possible(no points). He has money to put down, thought it might be able to be done if he is willing to pay a higher interest rate on a 6-12 month interest only loan. He would also like to use the properties as collateral. Would anybody have a connection that could make this happen in 3 weeks? If so, what interest rate would be high enough to get someone or a group to fund this deal? Any other creative ideas would be much appreciated as well. Thanks a bunch!

[Austin Davis]

I should be clear that my client is willing to pay points.

The question is, what is the LEAST he can could expect pay in points and what APR would that bring him to on a short term interest only loan?

Any advice or people you could connect me with would be much appreciated.

Thanks so much!