Condotel loans, also known as Condo Hotel loans, provide Condo Hotel financing options for people wanting to invest in something unique and more different than the typical single family home.
Condo Hotel properties are a hybrid of a traditional hotel and a Condominium, with some offering both short-term and long-term rental options. You will typically need an investment property loan to buy a Condotel.
Condotels are non-warrantable condos, meaning they are not approved for financing by fannie mae or freddie mac. People like that they can stay at their own property when it’s not rented out.
Condotel financing, especially in Las Vegas, has become very popular for real estate investors looking for a diverse investment opportunity.
Condotel mortgage financing loans provide a flexible option for individuals looking to invest in a Condo Hotel property. With a wide range of loan options and varying terms, it is important to ask me to lay out your different loan options, including interest only and low-doc DSCR loans.
***In order to determine IF a property is able to be financed, we need an “HOA Lenders Questionnaire”. This is in addition to the “resale package” that is typically provided to the buyer by the seller.
Complete the contact form at bottom and tell me your credit score, annual income and what development you are considering.
Senior Loan Officer
All Western Mortgage
(established in 1981)
“Dan The Loan Man”
702-326-7469 talk/text every day
Dan’s Licensing: NV MLD 45649, CO-100516554 NMLS 313289
All Western Mortgage, 8345 W Sunset Rd #380 Las Vegas, NV 89113
702-326-7469- TALK OR TEXT | | 702.369.0905 – Switchboard (Ask for Dan)
Company NMLS# 14210, NV Division of Mortgage Lending Lic# 204, CA Dept of Corporations Lic# 603F053, CA Dept of Real Estate Lic# 01893025, CO Division of Real Estate.