Also talked to various finance professionals to get creative on getting across the finish line.Initially it was me and one other GP, but we brought on a third GP to help us raise recently - pending him actually helping raise the funds.We're looking to raise 900k, 700k to close. 400k raised so far (including GP equity), 300k more needed, with 2 weeks left to close.

If you've owned it this long and it's paid off, you likely have gained a ton of equity and possibly have options to refi and definitely could do a lease to own scenario. 

Investment Info:Single-family residence fix & flip investment in Indianapolis.

I was thinking to get the price locked down through appraisal and negotiation, then we will pay the equity in cash to the seller and assume their mortgage.

I just heard back from the bank and her response to my inquiry I emailed and said"I'm not finding any information that the adverse market refinance fee is still active, I've only found information to the contrary.Linked article from The Federal Housing Finance Agency mentioning the fee has been done away with as of August 1, 2021"Her response"You are correct, no hit for Cash out on primary residence, that has gone away but we do have adjusters for Loan to value and cash out loan to value along with credit score and 2-4 unit"This is problematic to me on so many levels, why was she willing to increase my interest rate based on her ignorance, who is watching and making sure these lenders are doing the right thing?

And then to give up equity and pay an additional 10k for the privilege I dont get it. and we all know that the sponsors of these deals get wealthy on the 10K  thats the major driver.

Investment Info:Single-family residence fix & flip investment in Chaffee.

Investment Info:Single-family residence buy & hold investment.

Secondly, if this fails, he offers insurance through Equity Assurance that basically pay offs the underlying note through refinance.

Investment Info:Single-family residence fix & flip investment.