How a Private Money Loan Unlocked the Potential of a Rural Property

How a Private Money Loan Unlocked the Potential of a Rural Property
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Borrower Success Stories

At Gregory M. Russell, Private Money Lender, we specialize in providing tailored financial solutions for unique investor situations. Recently, we helped Roger, a property owner in upstate Washington, secure funding for an important real estate project.

Roger owns a barn house on five picturesque acres in rural Washington. His vision? To convert part of the barn structure into a rental unit to generate extra income. However, his plan hit a roadblock: traditional banks declined his loan request, citing his property as “non-conforming.” Rural properties, particularly those with mixed-use structures like Roger’s, often don’t meet the rigid criteria required by conventional lenders.

After multiple rejections, Roger turned to our Gregory M. Russell private money lender team for a solution. Unlike conventional lenders, we understood his vision and recognized the value of his property. With the right support, we knew Roger could unlock the potential of his barn house and turn it into a profitable investment.

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Time was a critical factor. With Washington’s rainy season fast approaching, Roger needed to obtain financing and complete construction before weather became a challenge.

Our loan team immediately got to work. Within days, we obtained a title report and coordinated with a local realtor to secure a Comparative Market Analysis (CMA) to assess the property’s value. Thanks to our streamlined approval process and expertise, we funded Roger’s loan ten days after his initial contact with us.

Roger’s story is a testament to the value of hard money lending. Where traditional lenders saw obstacles, we saw potential. By providing the financing he needed, we empowered Roger to move forward with his construction plans and build a sustainable source of supplemental income.

At Gregory M. Russell, we take pride in being a flexible, reliable financing resource for Oregon real estate investors with unconventional needs. Whether it’s a rural property, a time-sensitive project, or a unique vision, we’re here to help our clients succeed with convenient, equity-based private money loans.

If you have a nonconforming property or a loan request that doesn’t fit the typical mold, contact us about our hard money loan services today. We’re committed to finding the right solution for you—just like we did for Roger.

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