I think you are describing a situation where only a cash buyer has a chance of closing escrow

Hard to imagine that any loan underwriter is going to sign off on this deal

Pretty sweet if you are in a position to purchase for cash – but remember that when buying with cash you get a HUGE discount or you don’t buy with cash

Being able to buy with cash basically lets you be an asshole and say something like, “I’ll pay 65% of your asking price and we’ll close escrow in 14 days, take it or leave it”

Since the seller can’t sell to anyone but a cash buyer, they have very few options