If you found your dream condo but you are having trouble finding condo financing, we can help. Our Condotel Loan experts are a division of a full-service mortgage lender, Hurst Lending & Insurance. We don’t focus solely on condotel loans – we specialize in providing financing for condos of all kinds. We frequently finance condos in non-warrantable condo projects.In fact, we have a wide variety of loan programs for non-warrantable condo developments. It is important to know that there are several reasons a condo complex may be non-warrantable – the reason will affect your available financing options.Many non-warrantable condo projects are classified as non-warrantable simply because there are too many investor units in the condo complex (as opposed to those units being owned by residents). Probably our most compelling loan offer is that we offer traditional, low interest rate, conventional financing on condo projects that are non-warrantable due to investor concentration (i.e. there are too many investor units in the condo complex). This particular, low-interest loan program is only available if your complex is non-warrantable for that reason. However, we do offer non-warrantable condo loans for properties that are non-warrantable for other reasons as well. Financing a non-warrantable condo can be daunting. Please contact us and allow us to help you assess your situation and options. We offer:
- Quick, no-obligation estimates
- Non-Warrantable Condo Loans
- Low Down Payments – just 5% down in some cases
- Real Estate Investor Concentration is not a problem
- 15 and 30 Year Fixed Rate Loans
- Low Rates
We also provide financing for condos of all shapes and sizes. We finance traditional condos, vacation condos, investment properties, jumbo condos (with as little as 10% down), condos for foreign nationals (residences), and condotels. No matter how complex the situation, we can often find a loan product to meet your needs.