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Updated almost 5 years ago,

User Stats

160
Posts
76
Votes
Bill Regan
  • Investor
  • Clearwater, FL
76
Votes |
160
Posts

Financing Aquisition and Construction

Bill Regan
  • Investor
  • Clearwater, FL
Posted

Hi,

Looking at a small motel/inn in Vermont as a lifestyle business for my family. The existing property has 10 cabins on it and a foundation where there used to be an owner's residence and some motel rooms and common area.  It burned down in 2018.

There is loads of potential here in many aspects.

I am looking for advice on a lender who would finance the acquisition, cosmetic rehab of the existing cabins, and the construction of a new structure on the old foundation.  Total project cost under 500k.

Thanks in advance for any advice!

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