Lending on rural properties

[Aimee Haasteaby]

I'm trying to find hard money lenders for rural properties, both residential and commercial. Why is this so difficult to find? Anyone know of any ways to help find these lenders or anything I can do to help my deals get funded.

I'm doing mostly BRRRs but have a couple Buy and Hold options too. Thanks!

[Michael Kinsella]

@Michael Plante

It might be a good idea to send the comps to the lenders you're speaking with, and try to speak with someone senior. Oftentimes, you'll be speaking to front-line guys, i.e. loan officers, who won't have discretion and will simply follow the underwriting guidelines.

A lot of underwriting guidelines for hard money lenders stipulate population minimums, and even if you have decent comps, those population minimums are going to be hard to get beyond unless you speak with someone senior who can offer some flexibility.