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Updated about 7 hours ago on . Most recent reply

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100% vacant multifamily rehab

Rebecca Malicoat
Posted

I have a client that has 2 multifamily properties that are in Amarillo, Tx.  Both were bought with cash and require significant rehab.  They are also completely vacant and in very undesirable neighborhoods with boarded up houses next to them.  I have had lenders interested until they look at Google maps and see the surrounding area.  Is this just a no-go in terms of getting a loan or are there lenders that are willing to lend on these types of properties?

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