I personally wont give a wholesaler a non refundable deposit.. if the deal cant close for some reason they will normally ghost you.. this is probably new western or one of those outfits.. who rely on FOMO high pressure to get the deposits up front and released like that.

You charge tenant for rent as normal through the release process, and once you find a new tenant you can prorate the number of days vacant to make sure tenant and you are both whole.

We had charged it off a couple years ago, but never released it.   

Another one to watch out for is Industrial Heat, LLC which is based out of RaleighThey may release some game-changing technology soonTheir manufacturing may be in China though

This is a natural pressure release valve for high rent and prices. 

You might be able to get your lender to do a partial release of the lot from the mortgage.

Holdback of capital improvement budget to be released in draws as work is completed per Wellings’ unilateral approval plus annual budget approval rights5.

Considering the fact the prop is vacant at "not so ideal" time of the year to be re-leased.

Most contracts are 30-days which should not be a problem to close on time even if you reach out to a lender a few days after getting the contract.Most lenders will provide 100% of the rehab funds, but they are not provided up front as they are released in draws.

From what I can tell, FTF did a poor job of monitoring the progress of the project and released funds to the developer when they shouldn't have.