Looking for Private Money for Indy Duplex! Newbie investor

[Lisette S.]

Looking for private money for an Indianapolis duplex in a gentrifying area of Indianapolis.  I have a verbally accepted offer for $82,500 on a duplex.  Need a pre-approval or proof of funds letter ASAP. 

I can place between 10-15% down for the property and have other funds to do the renovation of $13K, but am open to funding this as well, depending on the rates etc. I have solid comps to show the value of this duplex having an ARV of 150K after the rehab. I can rent each 3/1 unit for $750/month after renovation. My intention is to buy and hold it for the long term. I have called multiple hard money lenders- and have narrowed it down to a few, but want to make sure I am getting the best I can get and to establish a relationship for more future acquisitions- This is my first deal, but am confident in my numbers and the team I am working with on this acquisition as knowledgeable and trustworthy. As I have been shopping hard money lenders I am having a hard time settling and decided to put this out there and see if anyone can do better in lending me the money- so here I am as a last go around.

My FICO is 688- I have solid steady income and liquid reserves. 

Based on this info provided without pulling credit thus far, and my experience (or lack of) I have been quoted  3-4 points, another at  11-12% rate (an some cannot give me an idea of how much until I pull credit)- no pre payment, appraisal between 350-800, no prepayment etc. Closing anywhere from 10 days to 3 weeks. I am looking for 10% or below rate and  3 points or less.  Am I dreaming?  If I don't hear anything I will just go with what I have, but I thought putting this out MAY bring some lender- never hurts I figure. Looking to move quickly. 

[Mike D'Arrigo]

@Lisette S The challenge you're going to have is finding long term private or hard money. B2R might be a good source for that. Where did the $13K figure for the rehab come from? That's not much even for a SF. It sounds like it's just lipstick on a pig. I'd be careful of what you're getting.