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Updated 7 days ago on . Most recent reply

Tom Palmieri's profile image
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Tom Palmieri
  • Contractor
  • from Miami/ Asheville
  • Member since Jan 24, 2021
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Tom Palmieri's profile image
Tom Palmieri's profile image
Tom Palmieri
  • Contractor
  • from Miami/ Asheville
  • Member since Jan 24, 2021
  • Posts 26
  • Votes 13
  • Experience 20 Yrs
  • Investments 1
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Tom Palmieri
  • Contractor
  • Miami/ Asheville
13
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26
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Creative Real Estate Financing

What is "Rural" financing?

Tom Palmieri
  • Contractor
  • Miami/ Asheville
Posted

Hi,

I have a property I own and want to finish but, my hard money lenders won't lend on "Rural" properties. Is there some kind of a special loan for this?

Asheville, North Carolina
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Mike Klarman#1 Rehabbing & House Flipping Contributor
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  • New Jersey
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Mike Klarman#1 Rehabbing & House Flipping Contributor
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  • New Jersey
Replied

Rural usually means the population of the town is under a certain amount.  Some lenders do rural, some do not.

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