Email me for a list of available resources for condotel financing. This is a highly specialized product that requires  non-standard financing. Be prepared to move quickly - condotels are the least expensive way for most families to purchase direct oceanfront property - it just makes sense for a lot of families from around the country.

While condotel financing requires specialists that have experience in our market, the search for financing should be a fairly painless process. Below is a typical menu of options available in our area.

 
 David Louis with Coastal Lending Services
(386) 717-5711

Licensed  Mortgage  Broker
website  email

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Coastal Lending Services Condotel Financing Options

Scenario #1

 
·  Stated Income, Stated Assets (Do not need to verify income or assets)

·  Up to 90 % Loan To Value

·  1, 3 or 5 year ARM

·  Interest Only Option available

·  Unit Must Be Minimum 500 Square Feet

 

Scenario #2

 

·  No Ratio Loan (Income not listed or verified)

·  Up to 85% LTV

·  6 month, 3 and 5year ARM and 30 or 15 year Fixed Rates available

·  Minimum 600 Square Feet

 

Scenario #3

 
·  Stated Income, Stated Asset

·  Up to 80% LTV

·  20 or 15 year fixed rate  (No ARMs available)

·  No Minimum Square Footage Restrictions

 

Scenario #4

 
·  Full Document Loan (Income and Assets Must be verified)

·  Up to 80% LTV

·  1, 3, 5, 7 year ARMs and 30 or 15 year fixed rates available

·  Interest Only Option

·  No Minimum Square Footage Restrictions

We offer up to 100 % financing on all Condominium Primary and 2nd homes.  The Option ARM program is available for all Condominiums and some Condotel Properties.

Scenarios are Subject to Change. Please contact Dave Louis for more Details on Your Scenario.