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Updated 4 months ago on . Most recent reply

Dashawn Holmes's profile image
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Dashawn Holmes
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Dashawn Holmes's profile image
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Dashawn Holmes
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Dashawn Holmes
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Lender backed out at closing table

Dashawn Holmes
Posted

My hard money lender left me at the closing table. I'm looking for a new one that will do a refinance quickly. I own the property and have the appraisals. Two single family homes appraisals came in at 280k a piece. Build cost with GC 185k. Any recommendations will be great.

Looking for
Greensboro, North Carolina
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Dashawn Holmes's profile image
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Dashawn Holmes
  • Member since Dec 20, 2024
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Dashawn Holmes's profile image
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Dashawn Holmes
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Dashawn Holmes
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Dashawn Holmes
Replied
Quote from @River Sava:

I;m sorry to hear that, Dashawn. Why did the lender back out at closing?


 They stated I didn't have new construction experience. Which I don't and they knew I have tons of flip experience. I am using a GC on the contract and there underwriting decided they didn't want to lend on the deal 

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