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Updated over 3 years ago on . Most recent reply

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Ariel Haas
1
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4
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Financing for property that won’t appraise?

Ariel Haas
Posted

I’m looking to buy and put an unusual property type but my bank says that it won’t be able to be appraised due to a lack of comps in the area. I don’t want to pay hard money rates (I get 3% from my bank on properties) so what are my options. Any ideas aside from using my own money?

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Colleen F.
  • Investor
  • Narragansett, RI
4,375
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Colleen F.
  • Investor
  • Narragansett, RI
Replied

@Ariel Haas  do you want to tell us what makes this an unusual property?    Also are there no comps because it is not a very dense area?

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