100% vacant multifamily rehab

[Rebecca Malicoat]

I have a client that has 2 multifamily properties that are in Amarillo, Tx.  Both were bought with cash and require significant rehab.  They are also completely vacant and in very undesirable neighborhoods with boarded up houses next to them.  I have had lenders interested until they look at Google maps and see the surrounding area.  Is this just a no-go in terms of getting a loan or are there lenders that are willing to lend on these types of properties?

[Rebecca Malicoat]

Unfortunately, they are all over 10 Units.  The borrowers have extensive experience with smaller properties, but just recently got into the over 10 unit MF properties.