Updated over 6 years ago on . Most recent reply
Financing a mini hotel
Good evening,
I am in the process of acquiring a lot on which to build a 5 unit hotel and am seeking advice regarding potential financing options. I estimate the acquisition cost of land, construction costs, and furnishing fees to be 450k, and would like to know what approach folks would recommend. Is it possible to get a conventional loan to fund this type of project? Or would I need a private or hard money loan, out of which I could refinance for better terms?
Happy to provide further details upon request.
Thanks,
Shane c
Most Popular Reply
Tarik, can you explain what you mean by entitlements?