Condotel Loans
Rents Only to Qualify
- Loan amounts $2+ million
- Up to 75% Max LTV on Purchase and 70% Max LTV on Refinance
- 575 or greater credit scores
- No minimum square feet/Mixed Use/Apartment conversions acceptable
- Resort, Airbnb, Short Term and Daily Rentals acceptable
- All Resort locations
- Business Purpose/Investments only
- Short Term Rental Ledgers to Qualify
- LLC and Corporate closings available
Care Facilities
Rents Only to Qualify
- Loan amounts $2+ million
- Purchase to increase business and resident growth
- 575 or greater credit scores
- Cash-out for renovations, consolidate business debt, lower interest rates
- 75% LTV for Purchase, 70% LTV for Cash-out Refinance
- No income, job, or employment verification required
- ARM and Fixed rates available
- LLC and Corporate closings available
- Reconciled rents based on current market or lease agreements
- Available on SFRs, 2-4 Units, Condos, Townhomes, Condotels, Non-Warrantable Condos, Mixed Use, and Multi-Family Apartments
- No reserves required ≤ 75% LTV
- Qualify on cash flow - reserves required for negative rents,
cash-out can be used to cover reserves - ALF, ACF Care Facilities - must be licensed
- Non-Owner Occupied only
- * SPECIAL THANKS to all those who serve our Veteran and Elderly Population.
Vacation Rentals
Rents Only to Qualify
- Loan amounts $2+ million
- 75% LTV for Purchase, 70% LTV for Cash-out Refinance
- Available on SFRs, 2-4 Units, Condos, Townhomes, Condotels,Non-Warrantable Condos, Mixed Use, and Multi-Family
- 575 or greater credit scores
- Qualify on cash flow - reserves required for negative rents,
cash-out can be used to cover reserves - LLC and Corporate closings available
- Qualify on cash flow - 12 months
- Non-Owner Occupied Only
- Resort, Airbnb available/Short Term Rental O.K.
- No reserves required ≤ 75% LTV
- No income, job, or employment verification required
- ARM and Fixed rates available
Investment Properties
Rents Only to Qualify
- Loan amounts $2+ million
- 80% LTV for Purchase, 75% LTV for Cash-out Refinance
- 575 or greater credit scores
- 1 to 4 Unit Properties, Mixed Use, and Multi-Family Apartments
- Qualify using Rents (cash flow)
- LLC and Corporate closings available
- 575 or greater credit scores