Seeking lender to help with delayed financing
Hey Columbus people!
I'm searching for an Ohio lender who can help pull 100% of $ back out of a cash purchase, via delayed financing (of course contingent upon appraisal being high enough).
For those unfamiliar, check out this great post on the topic (specifically part 2)
https://www.biggerpockets.com/forums/48/topics/460294-how-to-cash-out-1-4-unit-property
https://www.fanniemae.com/content/guide/selling/b2/1.2/03.html
I've talked to several loan officers who are typically investor friendly, they all either want the investor to leave some of their own cash in the deal for first 6-12 months due to their own banks overlay, or they don't understand this process/don't want to mess with this.
Has anyone successfully pulled 100% of their cash out of an all cash purchase in Ohio with this technique? If so will you please share which bank it was with? :p
Thanks in advance,