Condotel & Condo Hotel Loans on Your Terms

Finance your condotel (condo + hotel) investment with flexible terms and streamlined underwriting. Trusted condotel mortgage lenders for investors and second home buyers nationwide.

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Why Choose

Our

Florida Condotel Loan Program?

Program Highlights

Condotel Loans

Loan amounts of $100,000 to $3,000,000
FICO score as low as 680
Loan-to-Value up to 75% for Purchase Loans
Loan-to-Value up to 70% for Rate & Term Refinances
Loan-to-Value up to 65% for Cash-Out Refinances
Available for investment properties and second homes only
Full Documentation, Bank Statement, 1099, Asset Depletion, Foreign National, and DSCR Investor Cash Flow income documentation options
Interest only 10/40 available
Available for Foreign National borrowers
Minimum unit size: 600 sq ft with full-size kitchen required

Condotel Loan Program at a Glance

Loan Type

Condotel Mortgage / Condo Hotel Financing

Loan Amounts

$100,000 to $3,000,000

Minimum FICO

680

LTV – Purchase

Up to 75%

LTV – Rate & Term Refinance

Up to 70%

LTV – Cash-Out Refinance

Up to 65%

Income Documentation

Full Doc, Bank Statement, DSCR, Asset Depletion, 1099, Foreign National

Property Use

Second Home or Investment Property

Short-Term Rental Income

Accepted (Airbnb & VRBO statements accepted)

Foreign National Borrowers

Eligible

Interest-Only Option

Available (10-year IO on 40-year term)

Use Cases

Purchase, Rate & Term Refinance, Cash-Out Refinance

What Is a Condotel Loan?

A condotel — short for condo hotel — is a hybrid between a condominium and a hotel. The building operates like a hotel, with amenities such as housekeeping, concierge services, swimming pools, restaurants, and fitness centers, but individual units are privately owned.

As an owner, you can use the unit yourself when you visit, or place it into the hotel’s rental program to generate income when you’re away. This makes condotel properties an attractive investment for buyers looking to combine personal enjoyment with income potential.

The challenge

Most conventional lenders and traditional mortgage programs won’t finance condotel properties. Fannie Mae and Freddie Mac guidelines exclude them, which means you need a specialized condotel lender who understands this property type.

That's where LendSure comes in.

We’re one of the few lenders offering dedicated condotel financing nationwide — with flexible underwriting built specifically for how these properties work.

How Condotel Financing Works

Condotel mortgages are different from conventional loans — here’s what to expect.

Step 1 — Choose Your Documentation Type

Because condotel units often generate rental income, LendSure offers multiple income documentation paths: Full Doc, Bank Statements, DSCR Investor Cash Flow, Asset Depletion, or Foreign National. You don’t need to qualify on personal income alone.

Step 2 — Get Pre-Qualified in 24 Hours

Our team reviews your scenario quickly. With loan amounts up to $3,000,000 and LTV up to 75% for purchases, we can structure a condotel mortgage that works for your deal.

Step 3 — Close with a Lender That Knows Condotels

LendSure has deep experience in condo hotel financing. We understand the nuances of condotel project eligibility, rental pool structures, and what it takes to get these deals closed — even when other lenders have turned them down.

Who Qualifies for a Condotel Loan?

LendSure's condotel mortgage program is designed for:

Real estate investors purchasing a condotel as an income-producing investment property
Second home buyers who want to enjoy personal use while generating rental income when they're not there
Self-employed borrowers who can't qualify through conventional documentation
Foreign National investors looking to purchase a condo hotel property in the U.S.
Borrowers who've been turned down by conventional lenders due to the property type — we specialize in scenarios other lenders won't touch

Not available for primary residences. Condotel loans are available for investment properties and second homes only.

Why Can't I Use a Conventional Mortgage for a Condotel?

Most conventional lenders decline condotel financing because Fannie Mae and Freddie Mac won’t purchase these loans on the secondary market. Properties that share hotel amenities, operate under a hotel brand, or participate in a rental management program fall outside standard agency guidelines.

This leaves many buyers unable to finance an otherwise solid investment — unless they work with a specialized condotel lender.

LendSure is built for exactly this. Our non-QM condotel loan program uses flexible underwriting that looks at the property and the borrower’s full picture — not just a checkbox of agency requirements. Whether you’re financing a condo hotel in Florida, Utah, South Carolina, New York, or elsewhere, we can structure a solution for your deal.

Have a question?

We have the answers.

What is a Condotel Loan?

A condotel is a hybrid between a condominium and a hotel. Condotel projects offer similar service to that of a hotel such as housekeeping, concierge, and amenities like swimming pools, restaurants, and fitness centers.

Owners of condotel units can enjoy staying in their unit when they visit, but they also have the option to place their unit in a rental program managed by the hotel operator. This allows them to generate rental income from their unit when they are not using it.

What income documentation is available for LendSure condotel loans?

LendSure offers the following documentation options for condotel loans:

Full Documentation
12- or 24-Months’ Bank Statement
DSCR Investor Cash Flow
Asset Depletion/Asset Qualifier
Foreign National Loans
Short Term Rental Income (AirBNB and VRBO) is okay

Can a condotel loan be used to purchase a primary residency?

LendSure Condotel loans are only available for second homes and investment properties.

What condotels are ineligible for condotel loans?

The following projects are not eligible for condotel loans:

Projects that restrict the owner’s ability to occupy the unit
Projects with mandatory rental pooling agreements that require unit owners to either rent their units or give a management firm control over unit occupancy
Projects with non-incidental business operations owned or operated by the homeowners’ association (such as a restaurant, spa, health club, etc.)
Common interest apartments
Timeshare or segmented ownership projects
Multi-unit dwelling condos that permit an owner to hold title to more than one dwelling unit, with ownership of all of his or her owned units evidenced by a single deed and financed by a single mortgage

Can I use short-term rental income (Airbnb/VRBO) to qualify?

Yes. LendSure accepts short-term rental income from platforms like Airbnb and VRBO as part of the income documentation for condotel loans.

What is the minimum size requirement for a condotel unit?

The unit must have a minimum of 600 square feet and include a full-size kitchen to be eligible. Standard hotel rooms without kitchens do not qualify.

Can I refinance a condotel I already own?

Yes. LendSure offers both rate & term refinancing (up to 70% LTV) and cash-out refinancing (up to 65% LTV) on condotel properties. If you're looking to improve your condotel mortgage rate or access equity, speak with our team.

What are typical condotel mortgage rates?

Condotel mortgage rates are generally higher than conventional mortgage rates because of the unique nature of the property type. Your rate will depend on factors including loan-to-value, documentation type, FICO score, and property location. Contact our team for current condotel mortgage rate information specific to your scenario.

Do you work with mortgage brokers on condotel deals?

Yes. LendSure works with wholesale mortgage brokers who specialize in non-QM and investment property lending. If you're a broker looking for wholesale condotel lenders to partner with, reach out to our team.

What states do you offer condotel loans in?

LendSure offers condotel financing across multiple states including Florida, Utah, South Carolina, and New York, among others. Contact us to confirm eligibility in your state.

Speak with a Condotel Loan Specialist Today

Whether you're purchasing a condo hotel property, refinancing an existing condotel mortgage, or exploring your options, our team is ready to help. Get pre-qualified in as little as 24 hours.

Ready to take the next step?

888.910.0360
info@lendsurehomeloans.com
12230 World Trade Drive, Suite 250, San Diego, CA 92128

Legal

LendSure Home Loans is a registered trade name of LendSure Mortgage Corp. NMLS ID# 1326437 (www.nmlsconsumeraccess.org). 12230 World Trade Drive, Suite 250, San Diego, CA 92128. 888.707.7811. All rights reserved.

LendSure Mortgage Corp. is authorized to conduct business under the LendSure Home Loans trade name in Arizona, California, Georgia, Illinois, and Texas.

For licensing information, please visit our Licensing Information Page. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms, and conditions are subject to change without notice.