Maitland, FL · Member since 2023 · 7 posts · 0 votes
We're looking for a private or conventional lender to fund the construction of one model unit in a 10-12 unit weekly rental project in Grande Cache, Alberta. There is a scarcity of weekly rentals in the area and a high demand due to eco-tourism and nearby mines that hire one week on and one week off. That kind of work schedule is not conducive to conventional long term leases. My fellow Director is a longtime resident of Grande Cache. We own the multi-family property (.68 acres) free & clear. The construction loan amount would be in the $350K CAD range.