Need Foreclosure Financing

[Joel Matthews]

Hi there,

My team has identified a SFH for auction. We are well versed in the specific market and have existing investment there.

We are a bit cash strapped for a home in great condition that is being auctioned. Starting bid is at $61,000 and the ARV is $277,000.

From the looks of it, the home is in great condition. And may only require $30k-$40k of rehab (this is being conservative). 

We have a 90/10 DSCR loan available to us but they won't front the costs for purchase of an auction home. 

We need a bridge type loan, that'll allow us to purchase the home. And we have a 90/10 DSCR loan lined up to pay off the bridge loan.

Any leads or any lenders have solution, we're all ears.