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Updated over 3 years ago on . Most recent reply

User Stats

47
Posts
17
Votes
Jose G Delvalle Bueno
  • Rental Property Investor
  • Stamford, CT
17
Votes |
47
Posts

Private lenders for new construction in smoky mountains

Jose G Delvalle Bueno
  • Rental Property Investor
  • Stamford, CT
Posted

I'm looking into buying some lots and building some cabins in the smoky mountains. I have noticed most banks and the ones I deal with won't fund in rural areas or require experience with new construction. Has anyone had experience with private lenders that funds these deals

Most Popular Reply

User Stats

319
Posts
156
Votes
Issac San Miguel
  • Lender
  • Austin Texas
156
Votes |
319
Posts
Issac San Miguel
  • Lender
  • Austin Texas
Replied

As a private lender, the first thing I can tell you on this is - don't build spec homes in a rural area.

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