CONDO-HOTEL FINANCING · 11 STATES
Condo-hotels often fall outside standard agency guidelines. Duane looks at lenders that finance them in resort markets across the 11 states where I am licensed.
Licensed in 11 states
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No-pressure advice
WHAT IT IS
A condo-hotel is a unit in a building that operates like a hotel, often with a rental program, front desk and shared amenities. These projects are often treated as non-warrantable and can fall outside agency guidelines.
Financing usually comes through portfolio or Non-QM lenders, typically with a larger down payment and different rate terms. Availability varies by project and lender.
Some lenders review the building, the HOA and the rental program case by case.
Expect a higher minimum down payment than a standard condo. It varies by lender and project.
Many programs treat condo-hotels as second homes or investments, not primary residences.
HOA financials, rental terms and owner concentration all matter to the lender.
HOW IT WORKS
01
Send me the building name, the unit price and how you plan to use it.
02
I check which lenders will look at the project and what documents they need.
03
Rate, down payment and reserves vary. I lay the options side by side.
04
Appraisal, HOA documents, underwriting and closing follow.
LOCAL KNOW-HOW
Eligibility depends on the building. Each project is reviewed on its own documents.
Virginia
Oceanfront and resort buildings in Virginia Beach may have hotel-style rental programs.
Tennessee
Smoky Mountain resort condos and some downtown Nashville buildings may have hotel features.
Georgia
Coastal Georgia and metro Atlanta hotel-condo buildings vary in eligibility.
FAQ
Generally no for condo-hotels. Project approval rules usually exclude them.
A project that does not meet agency standards, for reasons such as hotel-style operations, high investor concentration or pending litigation.
Not always. It depends on the building and the lender.
EXPLORE MORE
NEXT STEP
Send me the building name and I will check what may be possible. No obligation.
Duane Buziak, NMLS #1110647, Coast2Coast Mortgage, LLC, NMLS #376205. Licensed in VA, FL, TN, GA, NC, SC, MD, DC, WV, TX and KY. Equal Housing Lender. This information is educational and is not an indication of loan qualification, approval or a commitment to lend. Rates, programs and guidelines change and are subject to credit approval.
