Originally posted by Derek Nienaber:Hi Bill,"You can provide a loan modification approved by the bank to be accomplished immediately upon the purchase of the note, this, along with the waiver and request for the sale by the borrower takes the bank's liability away selling a note to a non-banking/mortgage broker type buyer.

Originate my construction loan by end of 2025 Q1 for a 21 unit school building conversion5.

Not the best thing to do - I should have raised it originally for a higher amount.

Originally posted by @Erik Peddle:I just won some bids on this site and am emailing with one of their people. 

I would suggest starting as a mortgage loan originator aka MLO.

Assuming you've met that, your original loan amount was ~$364,500 with 10% and a purchase price of $405k.

I would imagine the bigger loan origination companies out there who underwrite like robots because they are lining up the sale before closing  will be the exception and require those docs up front. 

We've gotten great residents who we met despite their original search on FF being way below market.

So, you may only be able to originate such a sale once every 12 months or something like that.

The worst lenders I have dealt with are the ones with underwriters in one time zone and origination department in another, branch manager in another that don’t communicate well with each other and end up over-promising while not being able to deliver.