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Updated almost 2 years ago,
Ground-up construction loan for SFH (w/ "campground" zoning)
I am writing a biz plan for a "glampground" in an area that requires me to first rezone to be considered a "campground". Would like to build:
--- single family home on the site that I will use part of the time as a vacation home, but rent out while I'm not there (would like to use a DTI-based construction loan to fund this)
--- multiple studio cabin units for guests around the property that will be rented year-round (think tiny a-frames, etc. - will build in cash)
Question: can I use a traditional DTI-based residential construction loan for the SFH I'd like to build on this land? Or will the rezoning disqualify me? Should I consider subdividing?