Based on the numbers seems like it was a straight forward conventional loan...any challenges?

The sale failed and he still owns it.One of the potential solutions is to use an SBA 504 loan for the real estate. 

They say as I have just seen they will loan money.

You need two years of steady income before you can qualify for a loan.

Financing OptionsParent Loan Options: Consider home equity loans, investment property mortgages, or co-signing a loan.Tax Implications: Speak with a financial advisor about potential deductions and capital gains.Rental Income Potential: Explore the option of renting out extra rooms to offset costs.5.

.- Collect Tax Certificate to verify Property Taxes are Paid- Get a current statement from the seller to verify the existing balance, if they are delinquent, you can get the bank on the phone to verify the amount to make the loan current.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.

My company is licensed in 31 states for owner occupied loans (check my profile) and I can lend in 45 states for business purposes loans (nonQM and dscr loans).

Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).

I was also on the construction loans..

Experience depends on who you deal with - the cleaner the loan file and more organized your paperwork the smoother the process with any private lender.