All Forum Posts by: Liesel Griffin

Andrew J.,

Thank you for the reply.

The resort is complete with a convenience/ gift shop, game room, utility Room,  recreational boat dock, pontoon rentals, and dedicated lake access. Each cabin is fully self sufficient with private bathrooms and kitchenettes. There is also a 3000 sqft. residential home on the property that goes with the 6 cabin business. 

The business is currently operated seasonally during the warmer months. I would like to turn it into a year round business.

I was able to find out that the current owners are willing to owner finance with a 5 year balloon. 

Hello BP people! I am looking to relocate to Arkansas from Alaska and have come across a potential business investment. 

It is a 6 cabin ( Full utilities and kitchenettes), 2 duplex and a 3 bed 3 bath home on 7 acres resort. 

From what I understand, Multifamily purchases are based on the income potential rather than your own personal income. Can a resort such as this also potentially quality for a multi family purchase?

If yes, can you please recommend the best way I might go about acquiring such a loan?

Thank you for time in advance!