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Updated 4 months ago,

User Stats

95
Posts
31
Votes
Cassandra Alessio
  • Real Estate Agent
  • New Jersey
31
Votes |
95
Posts

Received an accepted offer but conventional mortgage will not work on this property

Cassandra Alessio
  • Real Estate Agent
  • New Jersey
Posted

Hi All,

I received an accepted offer on a property but unfortunately was not able to find the funding in time. Conventional mortgage will not work as it is a commercial property turning into a residential with no active kitchen. Property is still on the market and I am sure if I can find the funds they would consider me again.

The property is going to be a challenge but since I don't have experience in investing I don't know if a hard money loan would work.

Any ideas in funding? 

Thank you.

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