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Updated over 2 years ago on . Most recent reply

Help financing rural property in East Tennessee
Hi all,
i have a property under contract in East TN. I'm looking to finance using DSCR and possible reno. Many lenders I've spoken with are saying they won't finance a property considered "rural". Can anyone suggest a lender who might not have a problem with that distinction?
Thanks
- Jordan
Most Popular Reply

Reid Chauvin
- Lender
- Nashville TN - Licensed in AL AR DC FL GA LA MD TN, TX and VA
- 336
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@Jordan Brauchler - the challenges in particularly rural areas are finding appraisers and appraisers finding comps. Can you provide more info on the property and your objectives (i.e. buy/hold or flip)?