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Updated over 7 years ago,
Advice/Referral for Daughter Condo - refinance house/delay
Hi everyone, I'm looking for advice and possibly referral for someone that can lend assistance. In short, my daughter is attending a college and we found here a reasonable (smaller) 1 bed/1 bath. Our conventional mortgage did not go through due to the number of investors in complex and we found this out yesterday. The condo is 67.5k and we have roughly 150k+ in our house in equality based on MLS CMA. The problem - we have to start the process over and have an appraisal on Monday. The original close date is end of this month on 28th.
My question does any private or hard money lender lend money short term? I'm guessing we need a max of 1-2 months and if all goes well we need <1 month. I don't mind the fees and interest rate as I don't want my daughter to not have a place to live. We are about 1.25 hours from college and they start 3rd week of August.
Any advise or networking someone can put me in touch with? Thank in you advance for your assistance and advise.