> Getting approval for funds would take 18 to 24 months. “In a typical real estate financing deal, you’re closing that loan within 60 to 90 days,” he says.
Who designs these programs? Yeah, what bank in their right mind would sit around for up to 2 years (aka, until the next administration) to close on a loan? That's insanity!
The only orgs getting funding out of these programs are people who already have tons of cash on hand. So only existing real estate barons need apply.
Who designs these programs? Yeah, what bank in their right mind would sit around for up to 2 years (aka, until the next administration) to close on a loan? That's insanity!
The only orgs getting funding out of these programs are people who already have tons of cash on hand. So only existing real estate barons need apply.