Looking for private loan - turn key property

[Jason Woodson]

Hey BP Community!!

I just found a great little two-fam in my home town a block away from a rehab two family I'm doing. I'm not sure if I can get traditional bank financing (going for an "in-house" loan with local bank) because I'm about 6 weeks away from finishing the second unit on the rehab and doing the cashout refi. The exterior looks gross, but its a really nice yard, park across the street, and the interiors are actually gorgeous and turn-key. Here's the details and my experience, please let me know if any one is interested or has advice of places to go!!

Price: $120,000

CapEX: not required initially, 15k in siding

ARV: $145,000

Taxes: $2500

Insurance: $750

Unit 1: 2 bed/1 bath

Unit 2: 2 bed/1 bath

Total Rent: $2000

Past Deals:

1st Deal - 2015: Owner occupied two-fam. 50k sweat equity gain ($125,000 all in to $176,000). Unit rented @ $800/month, tenant pays utilities, no turnover

2nd Deal - 2017: Foreclosed two-fam. Approx 55k equity gain ($85,000 all in to $140,000). Unit 1 rented @ $750/month, Unit 2 anticipated @1250 month, tenants pay utilities

Requested Financing: $100,000 12 month interest-only @10%