Expand your business to serve investment centric clients with their Condotel investment unit(s). Unfamiliar with Condotels? A Condotel is a unique type of residential and rental property. They are typically units within a condo property that are sold to individual owners and have the amenities of a hotel. They are popular in touristy areas or where there is a high demand for hotel rooms and rental properties.
 
We have flexible guidelines to help your clients get the financing they need for these unique types of investment properties.

Highlights:

  • Owner Occupied, Second home and Non-Owner available
  • Full, Alt Doc, or DSCR
  • Up to 75% LTV
  • Up to 65% LTV for Rate & Term and Cash Out
  • Loan amounts to $1,500,000
  • Short Term Rental: AirBB, etc. for income

Parameters:

  • Min. SQFT 500
  • Fully functioning kitchen
  • Bedroom required
  • Contact your AE to learn more
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