RE: Advise on Obtaining a loan for Airbnb Mixed Use Hotel

[Clark Childers]

I am trying to purchase an 8 cabin lodge in a resort town. I've already had tremendous success with a 10 unit Airbnb hotel I have and we are looking to open a second location. The asking price is 650k. I have enough cash for 25% down. I have run the numbers and done the research and I have proof that I know what I am doing... Why am I having such a hard time finding a loan through banks and credit unions? I haven't explored hard money lenders because I can't handle the high percentage rates and balloon payments. Crowdfunding lenders seem to only apply to flips and I want to hold on to this one. Any advice?