Question to ask private lenders. Do they get money before closing

[Chris Bell]

I was asked by a HML. What my exit strategy was as I told him buy rehab rent and refinance. He asked did I have a letter of intent from the lender that will refi. I been talking to a few lenders about my exit . But didn't get nothing in writing. My question is what do I do now and how long will this process take

Are there anymore deals in Newark