Investment loan lenders in Sevierville County

[Kyle Smith]

I’m not sure if this is the correct forum for Investment Construction loans but I’m currently looking for the best terms possible on my investment cabin build in Gatlinburg. I’m seeking out a 85%/15% investment loan with the best terms and rates possible. I know there are plenty banks in the area doing 80 & 75% loans but I’m looking for an 85/15.

Anyone know of any investment lenders in the area doing 85/15 loans?

Thanks

[Robin Simon]

Quote from @Kyle Smith:

So, I built my first cabin in gatlinburg last year and now looking to build the second one with an investment construction loan or a one time construction to perm loan.  I would like to reopen this discussion if possible.   My property is very expensive so I’m hoping to find one with 15% down vs 20%.  Cabin will be built in Gatlinburg TN. 

Is this a true "cabin" or would it be more of a true residence just with "cabin-style" design. This is going to be a linchpin on your options - if its more of a house with cabin styling - then its going to open up a lot of national lending options (DSCR Lenders) that typically can only finance properties that could otherwise be used as a normal SFR (vs. a true vacation-only log cabin)