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Updated over 6 years ago on . Most recent reply

User Stats

21
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5
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David Ordonez
  • Fort Lauderdale
5
Votes |
21
Posts

PLEASE HELP!! Can a hard money lender close under a living trust?

David Ordonez
  • Fort Lauderdale
Posted

I am desperate to receive help since we suppose to close on a cash transaction deal today and the IRS has frozen the account. I am trying to work with a hard money lender but the main issue is the association doesn't allow LLC to buy under LLC. Is it possible to close with a hard money lender under a living trust? or personal name? I am desperate to get help. The owner has giving us an extra 3 weeks extension with the condition to release the funds from the escrow account which is more than $14k. We have sign an addendum to release the funds but we only have 3 weeks to close and the hard money lender is saying that they can closed under a personal name. I would appreciate if I can get referral on private money or lender, Please help!!

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