I thought of that but wasn’t sure. You want to be able to reference the specific loan for accuracy purposes(terms, rates, etc) but the loan will change when it is refinanced. So, I am wondering whether you would write a new agreement or just add onto the existing P&S the new loan info.
One thing I haven’t been able to figure out yet is … in a situation where you would have the seller refinance to get the cash they want (assuming the equity is there) how do you document that? What do you have that says, they go get the new loan and the deal will proceed from there? If I were a seller I might want something that doesn’t leave me hanging if the buyer changed their mind.