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Updated about 2 years ago on . Most recent reply

User Stats

202
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282
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Sean Bramble
  • Investor
  • United States
282
Votes |
202
Posts

Ground-up construction loan for SFH (w/ "campground" zoning)

Sean Bramble
  • Investor
  • United States
Posted

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?

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