Clermont Bay Cottages
10/02/2023
By: Fidelity Bank
The Mississippi Gulf Coast real estate market is booming with plenty waterfront properties and affordable homes, not to mention lower insurance premiums. It’s a hot market with great opportunities for buyers, sellers, and investors. Recently, Jonna Turner, Commercial Relationship Manager worked with experienced investors to secure a loan for ground up construction to build several single-family short-term rentals in Bay St. Louis, MS. The loan was structured as a one-time closing, 30-year amortization with the first 12 months as interest only through the construction period. The homes are scheduled to be completed in the first quarter of 2024. They are centrally located between downtown Bay St. Louis and Silver Slipper Casino, just blocks from the beach. If you are visiting the MS gulf coast early next year, make sure you check out Clermont Bay Cottages on Air Bnb or VRBO! 6185, 6191, 6197 Clermont Blvd. Bay St. Louis, MS.