That makes you a much better candidate for a loan, as you have experience and potential collateral to offer up.

That said, some lenders offer creative structures like cross-collateralization or blended products that can reduce your cash out of pocket, so it’s worth connecting with a solid broker who works with investors regularly.

Leslie, that’s a solid asset with significant equity—definitely some creative financing options here:Cross-Collateralization: Use the $8M property as collateral to secure a blanket loan covering both properties.

Signed them as collateral against this loan.

We dig into the quote to make sure the collateral is sufficiently protected.

You might also talk to a lender about consolidating loans and making your good producer collateral for the new loan.

Some doctors worth 20 million making 1 million a year with a local bank they hold deposits with I have seen 20 to 25% down but they personal guarantee and cross collateralize all assets and give 20 year amortization schedule instead of 25 or 30 to have faster loan paydown.

Would the house as collateral be  enough for a lender? 

No serious lender is using a business credit report in lieu of a personal credit report and collateral to lend to a small business or investor.

They’re primarily for owner-occupied properties, but there are also options for investment properties if they’re considered essential rural housing.Farm Credit Services:These lenders specialize in agricultural and rural properties, offering loans for land, construction, and even farm-related infrastructure.Local Credit Unions and Regional Banks:Small, local lenders often have more flexibility with rural properties, especially if they’re familiar with the area and market.Private Money/Portfolio Lenders:Some private lenders or portfolio lenders will consider rural properties, especially if there’s strong collateral or a viable exit strategy.Construction Loans:If you’re looking to finish construction, a construction-to-permanent loan could be an option.