Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate News & Current Events
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

159
Posts
75
Votes
Howard Herrington
Pro Member
  • Realtor
  • Boston, MA
75
Votes |
159
Posts

Construction halt indefinitely in Boston

Howard Herrington
Pro Member
  • Realtor
  • Boston, MA
Posted

I have a wholesale deal that was days away from closing and now due to Covid 19 the Mayor has halted Construction and Rehab indefinitely which in turn has stopped commercial and small banks from lending on these types of deals.  Is anyone else experiencing similar situations?  Does anyone have any suggestions on how my end buyer can still close on this project without using a bank?  Would seller financing be a good option if the seller is willing to stick with this or is it a better option to find another buyer with cash up front?

  • Howard Herrington
  • Loading replies...