Anyone Else Noticing Lenders Backing Out More Often Lately?

[Deborah Wodell]

Recently, I’ve been seeing more and more posts from investors saying their lenders backed out—sometimes just days before closing. It’s happening more often nowadays, especially with fix & flips and other investment deals.

It’s tough to watch good deals fall apart after all the work that goes into finding and locking them up.

Have you had a deal fall through because the funding didn’t come through in time?

• What did you do?

• Do you have backup lenders lined up, or a plan B?

• Have you shifted toward DSCR, creative financing, or private money to avoid the risk?

Would love to hear how you’ve been handling this lately—your insight could help a lot of people here!

[Jay Hinrichs]

Just DSCR lenders changing their programs