Borrowing money from a friend for closing costs

I was ready to buy a condo with a conventional loan but I lacked the funds for closing costs which amounted to $4k. My money is tied up in stocks that I can’t liquidate in time and I am afraid that I will miss out on the property. A friend has offered to lend me money for the closing costs and pay him back when my stocks get sold. My concern is he also plans to buy a home soon. Are there negative consequences we should look out for if we push through with the plan? by jiriquez1976 from Clayton, Delaware. Nov 10th 2021 Reply