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Updated over 4 years ago on . Most recent reply

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Rachel Richards
  • Member since May 20, 2020
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Rachel Richards's profile image
Rachel Richards's profile image
Rachel Richards
  • Member since May 20, 2020
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Rachel Richards
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3
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Short-Term & Vacation Rental Discussions

Financing for a Resort Condo

Rachel Richards
Posted

I just had an offer accepted for a Resort Condo in Florida. The CoC ROI is around 12%. We have 25% to put down and have excellent credit. Problem is, we just found out our lender won't finance it since it is on a resort. Does anyone know of a lender who will finance this type of property and if so what type of rate we should expect? Any help would be really appreciated!

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