Financing Advice on New STR Construction Build

[Cameron Wells]

My father has roughly 14 acres of land about 15 min west of Asheville. He has given me permission to build an investment property on this land which I feel very fortunate for this potential opportunity. I am leaning towards building a smaller 800-1,000 sqft modern cabin as a STR and for personal use throughout the year. We initially met with a couple builders my father has worked with previously and are currently awaiting for detailed breakdown of cost estimates.

What would be recommended for taking out a loan for this build? A construction loan? I own an investment property in Charlotte which is paid off, would a HELOC be an option to fund this build? Any lenders for a situation like this you would recommend I reach out to?

Obviously this is new territory for me so thank you in advance for any advice.

CW