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Updated over 1 year ago,
Tiny Home Financing?
Hi Everyone!
I am a by/hold/value add (and STR) investor in GA trying to add two tiny homes or container homes to a property near Atlanta. Has anyone had any luck financing these tiny homes besides using lightstream or Sofi, etc.? The best terms (Summer 2022) I've seen are 10 years 6.49% APR up to $100K. Would be great to find a 15-20 year loan term to increase cash flow.
Anyone know of any banks/lenders that are familiar with tiny homes and offer better terms?? Am happy to trade ideas on STRs/value add ideas as well as the Atl/East GA market as well.
Thank you so much for reading and any help is greatly appreciated.