Construction halt indefinitely in Boston

[Howard Herrington]

I have a wholesale deal that was days away from closing and now due to Covid 19 the Mayor has halted Construction and Rehab indefinitely which in turn has stopped commercial and small banks from lending on these types of deals.  Is anyone else experiencing similar situations?  Does anyone have any suggestions on how my end buyer can still close on this project without using a bank?  Would seller financing be a good option if the seller is willing to stick with this or is it a better option to find another buyer with cash up front?

[Lien Vuong]

I think you're on the right track with seller financing for 1 year until things cool over and can commence with the project.