House requires only cash offers

[Cassandra Alessio]

Hi Everyone!

I put an offer on a property. It was rejected due to it being a conventional loan and the seller is looking for cash only offers (septic system needs to be replaced). I tried to find a hard money lender hoping that I can use the hard money loan to put another offer on property and extra funds to replace septic. Then, refinance with a traditional mortgage. After that, I would do the remaining repairs. I was planning on living in it while doing the repairs. The hard money lender told me they couldn't offer me a loan if I was living in it after (even though I explained to them I would refinance with another lender after septic system is replaced). Any ideas to get this deal? Is there another way to get financing or something I can do instead to get this deal? Any help/insight? Thank you!