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8
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8
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Denis Ryan
  • Flipper/Rehabber
  • Fort Walton Beach, FL
8
Votes |
8
Posts

I'm looking for Delayed Financing (which is NOT a Refinance)

Denis Ryan
  • Flipper/Rehabber
  • Fort Walton Beach, FL
Posted

I am paying $161k cash for a condo on 12/30 that I am going to STR. I'm looking for delayed financing (which is financing I can secure directly after closing and is different from a refinance). Condo is not warrantable. My DTI is also tapped out, so I would need a DSCR loan.

Every mortgage company I've spoken to thinks this is a refinance and aren't able to do it for 6 months. I'm looking for a way that I won't have to wait that long so I can reinvest my cash into another deal.

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