Yes, We Finance Condotels.
Condominium-hotel units are eligible on the programs written to allow them.
A property type most lenders decline outright
Condotels are eligible here, on investment properties.
- Condominium-hotel units are eligible on investment properties only.
- They are not eligible as a primary residence or second home on this route.
- The property type is declined outright by a number of programs, so the route matters.
- A full condominium review is required rather than a limited one.
- Non-warrantable condominiums are also eligible on the same programs.
- Pricing and terms reflect the specialty nature of the property type.
Condotels eligible
Written for investment use
Occupancy confirmed program by program
Full condo review required
Non-warrantable condos too
Specialty property pricing
What is Saxton condotel financing?
Lending on condominium-hotel units, which most programs exclude by name.
A condotel is a condominium unit inside a building that operates partly or wholly as a hotel, often with a rental desk, short stays and hotel-style services. Owners hold title to their unit, but the building behaves like a hospitality business, and that is exactly why most mortgage programs list condotels as an ineligible property type.
Being clear about the landscape matters here. Several of the programs available to us exclude condotels by name, and we will not pretend otherwise. What we do have is access to programs where condominium-hotel units are eligible, and on those programs the eligibility usually comes with a condition: the property is treated as an investment property.
Occupancy is the single most important thing to settle before you get attached to a unit. Most routes that permit a condotel treat it as an investment property, and at least one program allows a condotel as a second home, so the answer has to be confirmed against a named program rather than assumed. A full condominium review is required rather than a limited review, and pricing reflects the specialty nature of the property.
Why choose Saxton for condotel financing?
For buyers who have already been told no by lenders whose programs exclude the property type.
We Have A Route
Many programs list condotels as ineligible. Ours is not the only answer in the market, but it is a real one rather than a maybe.
We Will Tell You The Condition Early
These programs are written for investment occupancy, and that is the assumption to plan around. If you want a condotel as a second home, we confirm it against a specific program before you make an offer, not after.
Non-Warrantable Too
The same programs that allow condotels also handle non-warrantable condominium projects, which often overlap.
A Full Review, Properly Handled
A full condominium review is part of the process. Knowing that up front helps set a realistic timeline.
Honest About Pricing
Specialty property types price differently from a standard condominium. We will show you the number rather than bury it.
A Full Review Takes Time
The full condominium review asks more of the association than a limited one, so building extra time into your contract is sensible.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about financing a condominium-hotel unit.
Because the building operates like a hospitality business rather than ordinary housing, which affects marketability and risk. Many programs simply list condotels as an ineligible property type.
Usually not. Most programs that permit a condotel treat it as an investment property. At least one program allows a condotel as a second home, so the answer depends on the program and we confirm it before you make an offer.
Generally the hospitality characteristics: a rental or front desk, short-term stays, hotel-style services and management. The condominium review is where this gets determined.
Yes. A full condominium review is required rather than a limited review, which takes longer and asks more of the association.
Yes. The same programs that permit condotels also handle non-warrantable condominium projects, and we have a dedicated page for those.
Specialty property types are priced differently. We will quote it directly so you can weigh it against the rental economics.
Send us the building and unit details. The condominium review is what settles it, and we would rather look early than late.
Find out what you qualify for
If you have been turned down on a condotel elsewhere, send us the building details. Investment occupancy is the condition, and we will be straight with you about the rest.
Get Pre-Qualified*Loan amounts, rates, terms, and eligibility are subject to credit approval, income and asset verification, appraisal, condominium project review, and program guidelines. Condominium-hotel units are eligible on investment property transactions only and are an ineligible property type under a number of programs. A full condominium review is required. Not all applicants or projects will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.