Hey BP community! We are looking for a lender who can lend in Florida for a 2nd/vacation home or STR purchase near St George Island, FL. We are under contract and would like to put 10% down. Does anyone have a recommendation? Thanks!
Lender · Macon, GA · Member since 2015 · 191 posts · 59 votes
4y
When you say 2nd vacation home, it sounds like it might not be an investment property. If that's the case, you might have to go with a traditional lender. But if it's a property that you don't live in at all, that opens the door for you to work with private lenders.
I can play it either way. We will occupy the property parts of the year and will STR it out when not in use. I am open to investor lending, but that is never as friendly. BTW, I have found a number of places that will lend in the area. Haven't worked out the applications and details of the loans they will offer just yet, but that will be coming in the next 48hrs.