Condo Hotel Loans

A unique South Florida product that allows for vacation or investment home buyers to obtain financing on the most prestigious Condo-Hotel projects in the region.

At Intercontinental Ultimate Solutions, we specialize in condo hotel loans and can help you find the right financing solution for your unique needs. If you’re looking to purchase a condo hotel in South Florida, you may need this specialized type of loan to finance your investment.

What is a condo hotel loan?

A condo hotel loan is a mortgage used to finance the purchase of a unit in a condo hotel, which is a hybrid of a hotel and a condominium complex. Condo hotels offer the amenities and services of a hotel, such as housekeeping, concierge, and room service, while also allowing owners to rent out their units to guests when they’re not using them.

Condo hotel loans are unique to South Florida, where these types of properties are popular with both investors and vacationers.

How do condo hotel loans work?

Condo hotel loans are typically structured as non-warrantable loans, meaning they don’t meet the eligibility requirements of Fannie Mae or Freddie Mac. These loans are offered by specialty lenders and may come with higher interest rates and stricter eligibility requirements compared to traditional mortgages.

The lender will review several factors when determining your eligibility for a condo hotel loan, including:

  • Property type and location
  • Unit occupancy and rental history
  • Borrower creditworthiness and financial history
  • Down payment and equity

Benefits of a condo hotel loan

Condo hotel loans offer several benefits over other financing options, including:

  • Investment potential: Condo hotels can provide a steady stream of rental income for owners, making them an attractive investment option.
  • Vacation home ownership: Condo hotels offer the amenities and services of a hotel, while also providing a vacation home for owners to enjoy when they’re in town.
  • South Florida location: Condo hotels are unique to South Florida and provide a one-of-a-kind investment opportunity in a popular vacation destination.

Is a condo hotel loan right for you?

If you’re looking to purchase a condo hotel in South Florida, a condo hotel loan may be the right financing option for you. However, it’s important to work with a knowledgeable mortgage broker who can help you navigate the loan process and find the best terms for your unique situation.

At Intercontinental Ultimate Solutions, we specialize in condo hotel loans and can help you find the right financing solution for your needs. Contact us today to learn more about condo hotel loans and how we can help you secure the right financing for your investment.

This type of loan secured by mortgage is exempt from any provisions of the Real Estate Settlement Procedures Act of 1974, as amended, and Regulation “X” of the Secretary of Housing and Urban Development. This is because the proceeds of the loan are used as an extension of credit primarily for a business, commercial, or agricultural purpose, as defined by 12 CFR 1026.3(a) (1) Regulation Z. Click here to contact us or call (561) 717-6826 for a quote.

Additional restrictions may apply. Please inquire. All loans are subject to credit approval.