Hocking Hills STR Expansion – Seeking Financing for 3 New Cabins

Hocking Hills STR Expansion – Seeking Financing for 3 New Cabins

Member since 2021 · 35 posts · 14 votes

Hi BP Community,

I currently co-own 7 acres in Hocking Hills, OH with 3 small cabins, operating as short-term rentals. The rentals have been running well, and we’re generating consistent income with strong occupancy.

We're now looking to expand by building 3 more cabins on the property, which would more than double our gross revenue, and I am exploring financing options. I’d love to connect with lenders, brokers, or investors who specialize in short-term rental projects, boutique lodging, or small commercial deals.

A few quick details:

  • Location: Hocking Hills, OH (high-demand STR market)

  • Current operations: 3 cabins, good income, and reviews

  • Goal: Add 3 additional cabins on existing land and 

  • Financing need: Open to DSCR, commercial, or creative lending solutions

  • We're looking to finance the site work prep, new builds, and extra for slightly renovating our existing builds. 

Has anyone here worked with lenders who are STR-friendly on projects like this? Or do you have recommendations on who I should be talking to (banks, brokers, private lenders)?

Thanks in advance for any guidance or connections!

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Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes
1y

@Feras Majeed please do! My email is in my signature 

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  • Mike GrudzienPro Member
    Lender · Eugene, OR · Member since 2019 · 2k+ posts · 1k+ votes
    1y

    Neat project!  I'm watching for answers.

  • Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes
    1y

    How much do you need? What is the total cost of the project ?

    • Member since 2021 · 35 posts · 14 votes
      1y
      Quote from @Brandon Croucier:

      How much do you need? What is the total cost of the project ?

      Approximately 1.3 which will include site work for the new builds, 3 new ADU’s, and some renovations on our existing cabins. If you want to know more, I can email you our project overview and our detailed budget that we worked on with our project manager.


    • Lender · Nashville, TN · Member since 2024 · 700 posts · 284 votes
      1y

      @Feras Majeed please do! My email is in my signature 

    • Member since 2021 · 35 posts · 14 votes
      1y
      Quote from @Brandon Croucier:

      @Feras Majeed please do! My email is in my signature 


       Great! Just sent over an email. Looking forward to hearing from you soon. 

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