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Updated about 5 years ago on . Most recent reply

Jaki Ollango's profile image
Jaki Ollango's profile image
Jaki Ollango
  • Member since Apr 29, 2019
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29
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2
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Jaki Ollango's profile image
Jaki Ollango's profile image
Jaki Ollango
  • Member since Apr 29, 2019
Connect
Jaki Ollango
2
Votes |
29
Posts
Buying & Selling Real Estate

Alternatives to Extending Loan

Jaki Ollango
Posted

I have finally completed my first flip. Everything that could go wrong went wrong. The flip was funded by hard money for a 6 month term. We are finally about to list the property for sale but the hard money lender wants us to pay an extension fee for 90 days at the end of the month. Is there a way around this or that's it? Even if we get a buyer, they won't be ready to close then.

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