Updated almost 11 years ago on . Most recent reply

I'm looking for a short term loan that can be funded in the next week
Hi BP MarketPlace,
I am currently looking for a quick short term loan for a project I'm working on.
I have purchased a two-family rental property all cash for $70,000 and I am now in the process of renovating it to get it rent ready.
I estimate that I will need about $30,000 for renovations.
I am willing to get either a secured loan against the property or an unsecured personal loan.
The property will be worth at least $100,000 after renovations and I will be able to rent each unit for $750 once the units are ready.
The property won't appraise (for residential appraisals) because I have already started gutting it and it has no kitchen or bathroom.
On the personal unsecured loan side, I have steady employment (7+ years) and make over $100k per year. My credit score is pretty good, but not perfect (720 according to Discover and another credit card that uses a different agency for pulling scores).
The only issue I have is that I need to get funded before January 4th.
Can anyone provide some ideas on how I could get a quick loan to cover costs of renovations?
Obviously this would be a pretty short term loan (no more than a few months).
Thanks for any help/suggestions you can provide!
-Joshua Nudell