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Updated about 5 years ago on . Most recent reply

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21
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8
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Patrick Clark
  • Rental Property Investor
  • Williamstown, KY
8
Votes |
21
Posts

Lender Recommendation Needed for STR Development Project

Patrick Clark
  • Rental Property Investor
  • Williamstown, KY
Posted

Hello All,

I am currently working on a project to create a STR "Retreat" in the Northern Kentucky area. It will initially consist of building 6 units roughly 700 sq ft in size on approximately 9 acres. My partner and I have reached out to two local lenders without success (one needed prior agriculture income, and another wasn't comfortable with the hospitality component). I am curious if anyone out there is either affiliated with a lender or has worked with one that would be interested in funding a project of this nature. Any leads would be appreciated!

Thanks!

Patrick

Most Popular Reply

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12,331
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14,942
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
14,942
Votes |
12,331
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

Try smaller community banks.

  • John Underwood
  • Loading replies...