At Alpine Mortgage, we are condotel mortgage financing experts and can lend on a variety of condo hotel projects throughout the country. The condotel or condo hotel is one of the fastest growing real estate investment opportunities. Projects are available in many beach regions and large cities. This hybrid concept of a luxury hotel that sells some units as condos is growing throughout Florida and across the country.
What is a Condotel?
A condotel is a condominium unit that is located within a hotel providing the individual unit owner with some or all the perks and amenities that a normal hotel offers. When the individual unit owner is not occupying the unit, it can be rented out to regular hotel guests. This generates rental revenues for the owner to offset the costs associated with ownership.
Condotel Loan Program Details
LOAN SIZE: $100,000 to $5 Million
LOAN TERMS: Amortized from 5 to 30 years
LOAN TO VALUE: Up to 60%
FOREIGN NATIONALS: Eligible
CLOSING: 10-30 days
BROKERS: Wholesale pricing available for licensed brokers
Call us now at (800) 876-LOAN to speak to one of our condotel loan specialists or click here to have one of our condotel loan specialists give you a call today.
If you are interested in applying for a condotel mortgage loan, you can apply online now.
Alpine Mortgage Services, LLC - 201 W Passaic Street, Suite 101 - Rochelle Park, NJ 07662 Office Phone: (201) 488-8809 Fax: (201) 488-8819 Toll Free Phone: (800) 876-LOAN
A New Jersey, New York, Connecticut & Florida Mortgage Company
Specializing in Home Loans, Refinance & Debt Consolidation Loans
Correspondent Mortgage Lender, FL Office of Financial Regulation
Licensed Mortgage Banker, NJ Department of Banking & Insurance
Registered Mortgage Broker, NYS Banking Department
Licensed Lender, CT Department of Banking
