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Updated almost 2 years ago,
New home construction financing
Hello, I'm close to starting the process of Building a home in the Blue Ridge Ga area. We are planning on it being an STR property. By my calculation, we don't have enough to completely finish the project this year. I'm guessing we'll be 50k short. The building will be up, just not furnished/finished. I'm prepared to work and save for another year to get it done but I'm wondering if I have any practical borrowing options to get it finished? The Blue Ridge property is on 400 ft of creek front(stocked trout stream), very private on a subdividable 10 acre lot with mountain views. My home in FL is worth about 450k and I have 100k equity in it. Thanks, Tom