Trouble financing south Madison

[Darren Mesibov]

I’m under contract on a single-family house for buy and hold rental in a rural Madison location.  It’s maybe 8 miles south of town. My commercial mortgage guy, who is fantastic, is telling me that he won’t be able to get this done because of limited comps and low population density. Has anyone else run into this? I really don’t want to  go back to conventional financing. Rates are lower, but it’s such a grind to get through the process.