All Forum Posts by: Shirley Gebert
Shirley Gebert has started 1 posts and replied 2 times.
I'm looking for advice from experts in finding lenders that provide gap funding. I've got pages of contacts that provide between 70-80% LTV in first lien position, but I've been unable to find the lenders out there who are providing 2nd lien position funding. Any advice on where to look or who to speak with would be very much appreciated!
Thank you!
Post: Why rural properties are so much harder to finance
- Posts 2
- Votes 1
Hey Clayton,
I love that you brought up this subject! I'm a private money broker, and one of my struggles right now is finding lenders who will even look at doing a rural property. My client is an investor in lakefront short-term rentals in rural northern Wisconsin. If you're not familiar with this area, extremely high property values and a thriving real estate market. Do you have any advice on how to find lenders who do these types of loans? I feel like I've combed the countryside and as soon as the lender hears rural - they're out.
Thank you!
~ Shirley