Creative Financing Owner-Occupied

[Robert Reardon]

Hi guys,

I have a friend who is pre-qualified up to $150,000 to buy his first home. He's bid on 4 properties so far and each time the seller went with a cash buyer. 

Are there any lenders who offer bridge financing for this type of scenario? He'd like to come to the table with an all cash offer, and will provide a lender with all the documentation and a first position until he can refinance with the bank.

Any thoughts?

Thanks,

Robert