PML'S For Rural communities

[Tripp Warren]

I don't know where else to turn other than the best REI think group in the world. I have a contract on a rural property in Texas. The property has two homes on it; 1 traditional wood frame 3/1 and 1 Double Wide Mobile home. Both have tenants. I'm looking to purchase the two and fix/flip into a traditional loan. For the life of me I can't find a lender who will loan on property in Rural Texas. The town is about 45 min NE of Austin. Samsung is building a huge manf. facility in an adjacent town. The shut down Alcoa plant recently sold to a developer who is planning on multiple large manufacture type industrial spaces and residential developments. This area is primed for growth.

Could anyone point me to a lender that will lend on rural areas in Texas?

PP: 150K
Rehab: 50K
ARV: 260K
Current rents (as is): 700/725
Predicted rents after rehab: 1200/1200

Thanks,

Tripp