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

[Asad Bajwa]

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.. 

[Rick Pozos]

I would find out WHY does the seller want to close in 5 days or less. Is there a pending foreclosure? or some other issue? Most sellers know that it takes time to do title work and get financing set up. When someone is rushing me that much, I tend to ask more questions and if I am not satisfied with the answers, walk away.