Private Money

[David Hisaw]

I have my first investment property under contract, and I am waiting on the bank to approve the short sale. They wanted me to have a promissory note from my lender up front, and they never actually asked for it. My lender has fallen through (it was family that wasn't able to come up with the money they thought they could get) and now I am in a predicament. Should I wait for the bank to accept the offer before looking for other private money? Or should I start looking now? 

Thanks for any guidance!