Lenders that allow appraisals prior to tenant placement

[Joe S.]

Lenders that allow appraisals prior to tenant placement. There are times when it’s not clear whether the sale of property or to refinance it after the rehab. A number of the lenders want there to be a tenant in place prior to ordering the appraisal. There’s obviously many risk for the Investor that has a short term bridge loan. If the refinance loan doesn’t go through due to low appraisal or some other hiccup that could be unforeseen the tenant and the investor  are in a precarious situation.