Banks are wary of this type of scenario as it’s considered a Cash-out position – you could potentially be laundering money and so the bank has to be extra vigilant around Anti-Money Laundering/Counter Terrorism Financing (AML/CTF) rules – this is on the radar at the moment.
I agree with Corey – toward the end of your contract (when you believe you may have time to find the investments), get pre-approval on a loan. You then have the flexibility of loan or cash for purchase.
