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Creative Real Estate Financing

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Lisa Jordan
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Financing for wedding venue and retreat center

Lisa Jordan
Posted Apr 10 2024, 16:02

Hi! This is my first post and I'm hoping I'm in the right category. 

I have found a former wedding venue that has been listed for sale at $1.1MM. It is on over 10 acres with a 6BR/7BA main house, multiple guest cottages, outdoor event venue, and more. Before I get too deep in research, I want to know if financing is even possible. 

I can comfortably put 10% down with at least another 10% in reserves for any updates or furnishings. I have no personal debt other than my mortgage and car. My mortgage is almost 1/3 paid off. I have no business debt. My credit is good. I have not owned a venue before but have extensive event planning experience. 

This investment could be a wedding venue and/or a retreat center, has multiple STR opportunities, and could even be a working farm, which is something I am already side hustling in.

Is it possible for me to get a loan? If so, what types of companies would finance a project like this? 

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