Tried to update it but it wouldn't let me as it hasn't been 24 hours yet. I did however write this as a reply using the account I originally posted on to verify that it was indeed me.

And no I'm not trying to default on the loan. Rather, I initially was going to sell it but instead I figured I would try and get a loan for the short time I need it as I would much rather keep it if possible. If I end up not being able to get a loan or sell the domain in the next few days I will end up keeping it. I explained above, but I presume you didn't see before you posted.