Condotel Loans & Condotel Mortgage Financing

Financing for Condotels, Resort Condos, Airbnb & Short-Term Rental Properties

Looking for a condotel loan for a property that traditional mortgage lenders may not finance?

We specialize in condotel mortgage loans for buyers, investors, and property owners seeking financing for condominium units operated within hotel or resort-style properties. Whether you are purchasing a condotel, refinancing an existing unit, taking cash out, or financing a property used for Airbnb, vacation rentals, or daily rentals, we offer multiple financing options.

CONDOTEL LOAN HIGHLIGHTS

Up to 75% LTV on purchases
Up to 65% LTV on cash-out refinances
Minimum 600 FICO
Loan amounts up to $4 million
No minimum square footage
Resort properties accepted
Airbnb and daily rentals accepted
Short-term rental properties accepted
Full Documentation programs
Bank Statements Alternative Documentation
DSCR loans available
LLC and corporate closings available
Non-owner-occupied financing available
Up to 103% LPC for qualifying non-owner-occupied transactions

What is a Condotel?

A condotel, also known as a condominium hotel or condo hotel, combines individual condominium ownership with many of the services and amenities traditionally associated with a hotel.

Condotel units are generally individually owned, while the property may provide services such as a front desk, housekeeping, resort amenities, guest services, and short-term rental management.

Owners may also have the option to place their units into a hotel or resort rental program, allowing the property to be rented to paying guests when the owner is not using it.

Because condotels combine characteristics of condominiums, investment properties, vacation homes, and hotels, they can be difficult to finance through conventional mortgage programs.

That is where specialized condotel financing can help.

CONDOTEL REQUIREMENTS / PROPERTY & UNIT REQUIREMENTS:

At least 1 bedroom
Full kitchen with full-size refrigerator and stove/oven
Developer cannot retain ownership of project facilities
Amenities, parking, and recreational facilities generally cannot be leased from the developer or another party
Certain third-party commercial parking arrangements are acceptable

Financing a Condotel? Start With a Scenario Review.

Condotel financing is highly property- and program-specific. A property that one bank declines may qualify under a specialized condotel mortgage, DSCR, alternative-documentation, or investment-property loan program.

Whether you are looking to:

Purchase a Condotel • Refinance a Condotel • Cash Out Equity • Finance an Airbnb • Purchase a Resort Condo • Finance a Vacation Rental • Close in an LLC

Our team can review your scenario and determine which available financing options may fit the transaction.

Commercial Loan — Short Application

Tell us about the property and the loan you need — we’ll reply with a quote.

Borrower Information

Your Name (Required)

I am... (Required)

Primary Phone (Required)

Email Address (Required)

Text Notifications Number (Required)

Preferred Communication

Borrower Credit Score (Required)

Subject Property Information

Address (Required)

Unit #

Property Age

Property Condition (Required)

Is Property Owner-Occupied? (Required)

Total Units / Rentable Sq. Ft.

Units Rented / Rentable Sq. Ft.

Loan Information

Transaction Type (Required)

$ Estimated Property Value (Required)

$ Desired Loan Amount (Required)

Desired Loan Term (Required)

Refinance Details

Original Purchase Cost (Required)

Current Mortgage Payoff (Required)

Yearly Taxes (Required)

Yearly Insurance (Required)

Purchase Details

$ Purchase Price (Required)

$ Yearly Taxes (Required)

$ Yearly Insurance (Required)

Additional Comments

Your information is kept private and is only used to prepare your quote.

Our programs can accommodate a variety of properties, including:

Beachfront condotels
Resort condominiums
Condo hotels
Vacation rental condos
Airbnb properties

Daily rental properties
Short-term rental properties
Non-owner-occupied condotels
Investment condotels
Non-warrantable condominiums

Frequently Asked Questions About Condotel Loans

Can you get a mortgage on a condotel?

Yes. Specialized lenders offer condotel mortgage financing, although qualification requirements are different from those for conventional condominium loans.

What is the maximum LTV for a condotel purchase?

Our programs may offer up to 75% LTV on qualifying condotel purchases.

Can I cash out refinance a condotel?

Yes. Qualifying condotel cash-out refinance programs may be available up to 65% LTV.

What credit score do I need for a condotel loan?

Programs may be available beginning at a 600 FICO score, although pricing and qualification depend on the complete loan profile.

Can I finance an Airbnb condotel?

Yes. Qualifying Airbnb, daily rental, vacation rental, and short-term rental properties may be eligible.

Are DSCR loans available for condotels?

Yes. DSCR condotel loans may be available for investment properties, allowing qualification to focus on qualifying property rental income and cash flow rather than relying solely on traditional personal-income documentation.

Can a condotel loan close in an LLC?

Yes. LLC and corporate vesting may be available for qualifying investment-property transactions.

Is there a minimum unit size?

Certain programs have no minimum square-footage requirement, subject to property eligibility and underwriting.

How large can a condotel loan be?

Available programs offer condotel loan amounts up to $4 million, subject to underwriting and program requirements.

Can I finance a resort condo?

Yes. Qualifying resort condos and condo hotel properties may be eligible for specialized financing.