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Updated over 6 years ago on . Most recent reply

Robert Walters's profile image
Robert Walters's profile image
Robert Walters
  • from Arvada, Colorado
  • Member since Feb 13, 2017

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5
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1
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Robert Walters's profile image
Robert Walters's profile image
Robert Walters
  • from Arvada, Colorado
  • Member since Feb 13, 2017
Robert Walters
  • Arvada, CO
1
Votes |
5
Posts
Private Lending & Conventional Mortgage Advice

Loan Denied For Too Few Comps

Robert Walters
  • Arvada, CO
Posted

I am attempting to purchase a tri-plex in a somewhat small town. After appraisal, the bank has determined there are no comparable properties and thus no basis for the valuation and have denied the loan. This was a standard 25% down investment loan.

I am still very interested in the property. What are some alternative or creative approaches to this situation?

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