Its a tiny loan for any institution.You'll have to get hard bids from a local GC, but maybe $110/ft?

If you create or fund an IUL instead of paying cash you can then get a loan on the IUL.

If you aren't going to be living in CR full time as you try to execute the deal I do not think it is physically possible for you to obtain a loan from Scotia Bank and not worth your time to try because the rates are so high. 

Since you will be renting it out you should get a conventional loan.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Points and loan details are TBD still as we're just getting the tentative process down on paper as we wade into the details. 

@Sara Habtom yeah, you will absolutely have loan options.

Loan interest is deductible based on the use of the loan, not the asset securing the loan. 

They say as I have just seen they will loan money.

Deductible expenses include renovation costs, loan interest, and holding costs.