Condotel Loans, Condo Hotel Mortgage Lender
PRODUCT UPDATE: Alpine Mortgage has suspended our condotel loan program. We will update this page when we are accepting applications for this program.
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 $1 Million
- LOAN TERMS: Amortized from 5 to 30 years
- LOAN TO VALUE: Up to 80%
- STATES AVAILABLE: Florida & New York
- CLOSING: 30-60 days
PRODUCT UPDATE: Alpine Mortgage has suspended our condotel loan program. We will update this page when we are accepting applications for this program.
Condotel Tools & Advice