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Updated almost 6 years ago, 02/10/2019

User Stats

61
Posts
84
Votes
Stephen Herbert
  • Lender
  • Sacramento, CA
84
Votes |
61
Posts

Smokey Mountain Financing

Stephen Herbert
  • Lender
  • Sacramento, CA
Posted

Hi BP friends - 

I'm working with a client that is looking to purchase several rental investment cabins in Seiverville, TN at the foot of the Smokey Mountains. The properties average around a $160,000 purchase price and have strong potential bookings for AirBnB and VRBO, but the financing component is a bit tricky given these are rural properties. 

Has anyone has luck financing properties for rentals in this area, or other rural lenders they can refer me over to?

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