This deal almost didn’t close because of the one thing I didn’t expect, THE CLOSING ATTORNEY ? A wholesaler brought me a great land deal he had under contract and also already had his buyer. He was going to sell for double his purchase contract. So he needed to do a double close. Perfect. We had everyone lined up on both sides, right as we were about to move forward on funding it started crumbling. The attorney said no wires only checks. What ! You accept wires but don’t send them out? A double close is supposed to be a fast in and fast out on the funding. Sending checks is not fast enough for most funders. So we looked at options to switch closing attorneys to one we knew could handle wires. My business partner and I found another funder willing to wait to receive their money. Thankfully, in the end it all came together and closed with no additional issues. Deals don’t usually fall apart because of the deal, but because of logistics like this. Has anyone else had a closing attorney blindside your deal like this?

Hello new to the group, Here to learn about multifamily to hopefully acquire some doors in the future. Currently, I am a transactional lender. I am able to assist with EMD, Double closes, and Seller carrybacks. Some of these come in handy for multifamily so if you find yourself needing help, hit me up. I look forward to learning and growing in the community.