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Updated over 8 years ago,

User Stats

25
Posts
1
Votes
Asad Bajwa
  • Queens Village, NY
1
Votes |
25
Posts

Advice on private lender who can close in 5 days..

Asad Bajwa
  • Queens Village, NY
Posted

Opportunity to purchase two family home in Brooklyn..  Challenge to get loan in a short period..

Purchase price $350,000

Rehab-          $80,000

ARV $615,000-$630,000

It's a good opportunity.. don't want to lose it..

Challenge is the seller wants to go straight to closing table in 5 days..  It is enough time to get title insurance.. however not enough time to raise the funds to close..

Does anyone know of a lender who is able to work on a shorter time period than the usual.. will be putting 30% down payment on the property.. 

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