What’s Been Your Experience Finding Funding Once a Deal Is Under Contract?

Question

I’ve noticed many investors share their wins and challenges around getting funding — especially once they’re already under contract. Thought I’d open this up to hear how others are handling it.

If you've had a deal under contract recently — whether for a fix & flip, buy & hold, or BRRR — how did you go about securing funding? Did you already have a lender lined up, or did you begin your search after the contract was signed?

Would love to hear what’s been working for others and any insights you’d share with someone trying to move quickly on a signed deal.

– Tolise Adkisson, Certified Private Money Broker / Lender

Patrick Roberts · Answer

I would have financing worked out prior to going under contract on something. Dont want to lose your EMD

Chris Seveney · Answer

I recommend having a ledner lined up in the sense that you know their underwriting terms and criteria. First and foremost do you have the down payment, credit score and experience they require? If so that is a huge first step, then you would want to get the markets they play in, their pricing engine so you know once you get a deal under wraps, it should pen out. Knowing the terms of the lender ahead of time is a phone call you can make to many, then find the deal and send it along.

Andrew Zamboroski · Answer

Make some connections to have financing lined up based on the deal, that way you can move quickly when the time comes.

Deborah Wodell · Answer

Great question, Tolise! I’ve found that having a few go-to lenders already lined up before going under contract makes a huge difference—especially in today’s market where timing and lender consistency are everything.

For my clients, I usually help line up options early based on their strategy (fix & flip, DSCR, BRRR, etc.), so we’re not scrambling once the deal is signed. That way, if one lender backs out or changes terms, there’s a backup ready to step in.

Biggest tip I’d share: don’t wait until you’re under contract to start your funding search. Having a “plan B” lender is just as important as your primary one.

Erik Estrada · Answer

Have a solid lender lined up beforehand is the way to go

Kevin Vernon Parker · Answer

As some have pointed out, it's always a good idea to have your financing in place prior to. The last thing you want to do is risk your earnest money. As also stated, different lenders have different criteria. I'm with Lima One btw. If you do have need of funding give me a shout and I'm happy to assist.

The key point in any investment is having everything lined up prior to. I've dealt with hundreds of clients over my lending career and can speak to the fact that doing things last minute typically has consequences.

Art Schneider · Answer

Question, has anybody used Park place Finance? I have a deal with them right now that was supposed to close today which is not happening. I have 42 years of investing under my belt. Have quite a few LTR properties and good credit. Decided to try a different lender for fix and flip

Ned Carey · Answer

I will reiterate what others have said.

@Ken M. put it bests above. You need to know what lenders terms are and what they will likely approve for you. Really good deals are easy to fund but only if you have an idea of who will fund it in advance.

I see so many investors buy and then wonder why they can't get financed. They didn't understand what a lender will loan on in the first place.

What’s Been Your Experience Finding Funding Once a Deal Is Under Contract?

What’s Been Your Experience Finding Funding Once a Deal Is Under Contract?

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