Financing for 3 Houses on 1 lot in Florida

Florida Real Estate Q&A Discussion Forum
7yFollow

Financing for 3 Houses on 1 lot in Florida

Susie Ramsey
Wholesaler · Estero, FL · Member since 2016 · 7 posts · 3 votes

I am looking to buy 3 houses on one lot for rental income and my lender is telling me that I can only get a hard money loan for this. She said that the conventional and FHA loans require that the units be attached and will not lend on 3 separate houses on one lot. I am in Florida. Does anyone know of a lender who will loan on something like this?

1Reply
5 views

3 Replies

Jump to latestLatest
  • Account Closed
    Rental Property Investor · Central, FL · Member since 2016 · 950 posts · 821 votes
    7y

    Find a bank that will do a commercial loan.  Or a portfolio lender.  

    0Reply
  • Kerry BairdPro Member
    Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
    7y

    Ditto, what previous poster said. Possibly a small local community bank, which keeps loans in house.

    0Reply
  • Susie Ramsey
    OP
    Wholesaler · Estero, FL · Member since 2016 · 7 posts · 3 votes
    7y

    Ok thank you!

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free