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My mom is looking to purchase a studio in my building to retire in. She has been living in my two-bedroom for several months and so she is eager to find her own place and we think having found a place for her in our building is ideal. The board is supportive of the idea of my mom purchasing the apartment but have encouraged us to do an all cash deal. The apartment is inexpensive so cash is an option (my husband and I would lend her the money) but eventually we would like to finance it with a regular 30-year mortgage. My mom should qualify so we are not worried about her being to secure a mortgage. But in the interest of a fast and hassle-free deal, we are considering buying it in cash now and financing later. Is this even an option and what are the drawbacks and benefits? Thank you.