Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

1
Posts
0
Votes
Bill Arthur
  • Saratoga Springs, NY
0
Votes |
1
Posts

Seeking Modular Construction Investment Property Loan in NY

Bill Arthur
  • Saratoga Springs, NY
Posted

I currently own 55 acres within the Adirondack Park and I plan on building a 1,000 square foot modular home on the property for short-term rental purposes. The building lot is cleared, electricity has been run, the driveway is in place and the well is ready to go. 

I am in search of an investment loan and I would like to use my land as the primary down payment. While I have found many sources for stick-built loans of this type it is difficult to find lenders for modular loans of this type. This would be a true investment property and I do not want to utilize a second/vacation home loan as I do not want it to affect my personal debt to income ratio. Any suggestions would be greatly appreciated!

Loading replies...