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Updated over 11 years ago on . Most recent reply

User Stats

81
Posts
4
Votes
Sean B.
  • Investor
  • Chicago, IL
4
Votes |
81
Posts

transactional funding to use while the loan is not ready to close?

Sean B.
  • Investor
  • Chicago, IL
Posted

Hello,

In a little bit of a pinch, as we have had some setback on our 203k loan and the closing date is next week. The loan is about 30 days out and we've asked for multiple extensions already, and the seller is ready to cancel the deal. Is there some form of transactional funding that could be used to close the loan and then settle it with the 203k in 30 days??

Thanks in advance,

Sean

  • Sean B.
  • Loading replies...