We are excited to announce that we are now offering up to 75% Loan-to-Value (LTV) on condotels! This is a fantastic chance for investors to leverage their capital and maximize their returns with flexible financing options tailored to meet diverse needs.
Why Choose Condotels?
Condotels, or condominium hotels, combine the benefits of condominium ownership with the amenities and services of a hotel. They are an attractive option for investors seeking properties that can generate rental income while also providing a personal vacation spot. With the growing popularity of short-term rentals, condotels offer a lucrative investment opportunity.
Our Competitive Financing Options
We offer a range of financing options to suit different scenarios.
– Minimum 500 Square Feet & Full Kitchen: We require that the condotel units have a minimum of 500 square feet and a full kitchen, ensuring that the properties meet high standards of livability and rental appeal.
– Up to 75% LTV DSCR Purchase: For Debt Service Coverage Ratio (DSCR) purchases, we offer up to 75% LTV. This allows investors to acquire properties with a lower down payment, making it easier to enter the market.
– 70% Rate and Term: If you’re looking to refinance your existing condotel loan, we provide up to 70% LTV for rate and term refinances. This can help you secure better loan terms and reduce your monthly payments.
– 65% Cash Out: Need to tap into your property’s equity? Our cash-out refinance option allows you to access up to 65% of your condotel’s value, providing you with the funds you need for other investments or personal use.
– 85% LTV Owner Occupied and Second Home: For those who plan to use the condotel as a primary residence or a second home, we offer up to 85% LTV. This high LTV ratio makes it easier for you to purchase your dream property with a smaller down payment.
Don’t miss out on this incredible opportunity to invest in condotels with up to 75% LTV financing. Contact us to learn more about our condotel loan options.
