We do not want to refinance.

I then refinance when the project is done to cash out the private lender.

Originally posted by "mpark":I give it 30 to 45 days and the lenders will ease up enough to get these deals done.Do not bet on it.

Hence you are effectively betting the farm.

It's just another notice.I'm speaking here of loans that are in compliance, not in default and where the seller is agreeable to selling in this manner.A lender, I will bet money, you will not get a letter saying your deal is OK.

The tenant has a contract to purchase the property in a year or two, but the buyer may have to sell the property if he can't refinance it.If the "Subject To" buyer can't re-finance, what happens to the lease option deal?...

There are a number of lenders that specialize in condo-hotels, so based on your requirements, the realtor would be able to make a recommendation.Assuming that your credit is in good standing, there is no reason why you shouldn't be able to refinance your unit.

You ommitted the important numbers.I'm betting they are selling this at retail.Mike

Bank CD's pay more than that and you never have to unplug their toilets or evict them.Betting on appreciation is a bad bet, IMHO.

Hello I am new to this board the only experience I have is in a refinance this past year to purchasee a home in GA and leave AZ Listed our nice three bed 2 bth in April and May had a realtor who was busy carting MOM around .. doing his taxes and on vacation the week of the third attempt of closing..