Repairs required by insurance required by lender to close?!

[Paul Han]

I have two properties under contract sight unseen. After inspection was done out there we found some things that require repair, to the order of $5k so not that much. My lender requires homeowners/landlord insurance to close. But insurance companies are requiring the repairs to be done in order to provide policy.  Well I don’t own the properties yet so I hesitate to spend thousands repairing a property that’s not yet mine. So now I’m stuck between a rock and a hard place. Any ideas? Thanks in advance!