"Property is an AS IS. Cash Only. No Option."​

[Kenneth Kussman]

I looked at a listing and it says 

"3 bedroom 2 bath in a great neighborhood, close to schools and shopping! Needs some TLC, but would make a great family home. Bring your tools and make this one your own! Property is an AS IS. Cash Only. No Option."

Does this mean I can't get a conventional loan ? Only cash ?

It says as it - Does this typically mean that something is wrong with the property and the Lenders will not loan on the house ?