Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

User Stats

21
Posts
8
Votes
Patrick Clark
  • Rental Property Investor
  • Williamstown, KY
8
Votes |
21
Posts

Lender Recommendation Needed for STR Development Project

Patrick Clark
  • Rental Property Investor
  • Williamstown, KY
Posted

Hello All,

I am currently working on a project to create a STR "Retreat" in the Northern Kentucky area. It will initially consist of building 6 units roughly 700 sq ft in size on approximately 9 acres. My partner and I have reached out to two local lenders without success (one needed prior agriculture income, and another wasn't comfortable with the hospitality component). I am curious if anyone out there is either affiliated with a lender or has worked with one that would be interested in funding a project of this nature. Any leads would be appreciated!

Thanks!

Patrick

Most Popular Reply

User Stats

13,455
Posts
16,745
Votes
John Underwood
#3 All Forums Contributor
  • Investor
  • Greer, SC
16,745
Votes |
13,455
Posts
John Underwood
#3 All Forums Contributor
  • Investor
  • Greer, SC
Replied

Try smaller community banks.

  • John Underwood
  • Loading replies...