Need Help- First time Multi-family- Counter Offer Question

[Raven Starr]

Aloha 🌺

I'm so happy to be apart of this mastermind and I'm hoping to get some insight on a deal. It's my first multi-family deal so I am a Rookie and I greatly appreciate any help I can get with this scenario.

The sellers have counter offered asking for an additional $50,000 earnest money deposit after the inspection period. If I move forward after the inspection period is over and my lender is not able to close on time, I would loose my deposits (total of $175,000).

I don't feel that this is a fair since my lenders ability to close on time is out of my control. I have been told that this is common in commercial real estate.
The loan is commercial but it's still a residential multi-family deal. Either way, is this common practice, for the buyer to forfeit their earnest money deposits if the lender doesn't close on-time?

Huge Mahalo for your guidance and sharing your knowledge 🙏🏼