Bridge Loan for Rochester, MN Duplex?

[Jesse Lynch]

Hi BP!

I currently have a duplex under contract in Rochester, MN to be purchased with FHA financing. Agreed purchase price $183k with seller paying closing costs, but the seller is being deported in two weeks, and according to my agent, he MUST close by then. I think even at that price, it's a great deal, livable and with comps around and upward of $250k.

My FHA lender can't close by then, and I'm being told I can't have a conversation with the seller about any sort of seller financing, as he has to liquidate and can only accept cash (or hard money).

With two weeks to go, is there any lender that could offer a bridge loan until I can close with FHA?

I see a chance to get it for even less than the $183k, as circumstances have changed, and I don’t want to lose it if I don’t have to.

Any help, references or advice would be appreciated!

Thanks!

[Jessica Grewe]

I just sent you a colleague request please check it out.

[John Woodrich]

Contact @Sean Blomquist at Pine Financial.