Condotel Financing

Description

What is a Condotel?

Condotels are condominiums that have been elegantly converted into resort or hotel-style living. As the owner of a Condotel, you not only have a relaxing vacation home but can also benefit from participating in a rental program. This allows your property to be rented out to other vacationers when you’re not using it, providing a wonderful way to earn supplementary income.

Why Choose Miami Lending Advisors for Your Condotel Financing Needs?

We offer a range of tailored purchase mortgage options to suit your needs, whether you’re seeking a second home or an investment property. Here’s what sets us apart:

• Up to 75% LTV for investment properties and second homes
• Loan amounts up to $6 million
• Adjustable Rate Mortgages (ARM) and 30-year fixed options
• Opportunities for Purchase, Rate Term, and Cash-Out Refinancing
• Minimal requirements, including a minimum FICO of 680, and a minimum loan amount of $200,000
• Financing for Non-warrantable condominiums
• Ready to leverage these advantages? Start your Application today!
• In addition, we offer an innovative Condotel Bank Statement Income Option with:
• 12 or 24 Months Personal or Business Bank Statement Options
• Up to 65% LTV
• Minimum FICO 660
• Second Home and Investment Properties allowed
• Options for ARM and 30-Year Fixed

At Miami Lending Advisors, our commitment is to guide and support our clients throughout every step of their financing journey. We are dedicated to helping you make informed financial decisions, ensuring a secure and rewarding Condotel investment.

Are You a Top Realtor in Florida?

Let’s explore our Condotel Financing Solutions for your clients.