It depends on who you talk to unfortunately and the level in which they care so keep dialing and talking to people there until you get one who cares.Sorry you're dealing with this.

If under normal circumstances, when the loan is complete, the remaining funds (typically just the 10%-15% contingency) go towards principal curtailment.  

I agree with you that if you are raising capital, you need to have other responsibilities in the deal, and you can't  get compensated for raising capital unless you have broker deal license.It can work if the sponsor who is running the deal is qualified, but unfortunately, people who purely raise capital can't vet a sponsor.Caution: If you're going to raise money for someone else's deal, have a conversation with a securities attorney.

We received multiple offers and while we are unsatisfied with the loss of principal, we believe we received the best offer available.Explanation of the OutcomeThe percentage of loss on this project is atypical as are the circumstances that caused it.As a way of background, we rely on professional third-party inspection firms to visit each property and report on the status of the renovation.

Unfortunately, now I'm realizing house hacking might not even be a thing with the new test they are doing in 2023.

If circumstances change after you close on a home and have a mortgage, the lender can't do anything about it.

@Alecia LovelessWe have checked and unfortunately there is nothing there 🫠

Six months reserves should be more than sufficient to qualify and conservative to account for any (eventual) unforeseen circumstances. 

They may consider the unique circumstances of your purchase and the intended use of the property.Dm me if you need help with finance I can point you in the direction of a hedgefund.

Unfortunately yes… Lots and I mean lots of PMs get into the business for the wrong reasons.