Conventional 30 year Investor loans under 40K loan amount

[Adam A.]

Does anyone on the forum have any connections or suggestions for a Georgia lender that can write conventional 30 year investment mortgages under 40K? I have a property under contract at 47K that is a pretty good deal in good condition, with 15-20% down I am looking at a loan amount of 37-40K. 4-5 small time lenders I have already reached out to do not go under 50K.  

[Adam A.]

Originally posted by @Dan Hatch:

Originally posted by @Barry Christopher:

I am having the same problem here in Pensacola, FL. I am currently researching but the ones I've spoken to do not finance under 50k. Keep me posted if you hear anything regarding what we're looking for and I'll do the same. I've only been in Florida for a half year so this entire process is new to me. Good luck.

 I have been doing cash out refi with Lisa Hudson from Synovis (coastal bank) in Pensacola, 30 year fixed. One was $45k and currently doing $65k at just under 4% 

PM me if you want her contact info

 Thanks Dan, I ended up going with Synovis( Bank of North Georgia). Was able to get a 70K unsecured personal line of credit at 4.5% for two years, pretty sweet deal if you ask me. Hopefully I will be able to locate another credit line in the 100-350K range for higher end flips.