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Updated over 4 years ago, 03/22/2020

User Stats

110
Posts
92
Votes
Zander Kempf
  • Developer
  • Honolulu, HI
92
Votes |
110
Posts

Lenders backing out due to Corona?!

Zander Kempf
  • Developer
  • Honolulu, HI
Posted

I had a four unit property five days from closing and our commercial lender just canceled their 30-year fixed product due to market uncertainty. A mortgage broker switched to a second lender and the following day they also canceled their long-term lending products. Is anyone else having this issue?

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