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Updated over 5 years ago on . Most recent reply

User Stats

34
Posts
5
Votes
Clarence Watkins
  • Rental Property Investor
  • Chicago, IL
5
Votes |
34
Posts

Are there alternatives to pre-approval ?

Clarence Watkins
  • Rental Property Investor
  • Chicago, IL
Posted

I recently closed a multi family refinance deal. As a retired person I didn’t have many financing options for a difficult commercial deal and had to pay higher financing costs. Other than having cash on hand and absent a pre-approval from a lender for a specific deal, how does an investor take quick advantage of a purchase opportunity?

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