rookie1255
Member
Looking into a Morton hangar on my own 40 acres. Does anyone know any banks that would finance this? I guess it would be considered a construction loan.
I would like it attached to the house but I didn't know if it would look better to a bank if it was detached. It wouldn't need living space or plumbing/bathroom, but those might make it more residential and easier to fit for a construction loan. Who knows.
Before anyone suggests getting an HE line on the primary residence, that's already been done and the funds used for business stuff. I just wanted to see if anyone had any experience with this type of hangar financing.
My construction loan for the RV-10 was thru 1st Pryority bank and they've been great. It'd be nice to find someone equivalent to do the hangar.
It's tough being poor and into aviation. Thanks in advance for the help.
I would like it attached to the house but I didn't know if it would look better to a bank if it was detached. It wouldn't need living space or plumbing/bathroom, but those might make it more residential and easier to fit for a construction loan. Who knows.
Before anyone suggests getting an HE line on the primary residence, that's already been done and the funds used for business stuff. I just wanted to see if anyone had any experience with this type of hangar financing.
My construction loan for the RV-10 was thru 1st Pryority bank and they've been great. It'd be nice to find someone equivalent to do the hangar.
It's tough being poor and into aviation. Thanks in advance for the help.