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Financing for Multiple Owners  RSS feed

 
Michael Robinson
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Hi, we are currently 4-5 families interested in buying some property to own communally. We'd ideally like to have 5-10 acres commonly owned to build tiny houses and a campground near the Appalachian trail in NC...the investing families would then divide the remaining property into 5 acre or so parcels for each family to own independently and we would share in the income generated from the campground. A couple of families have cash to invest, but ultimately, we will need some sort of financing. I could qualify for a VA loan, but I don't think this situation would fit into their guidelines. Any advice on what type of financing we could attain for this venture? Thanks in advance.
 
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