Condo Hotel Financing
Discover the perfect blend of real estate investment and luxury hospitality with our exclusive condotel offerings. Whether you're a seasoned investor or a first-time buyer, our condotel properties provide a unique opportunity to maximize your returns while enjoying an exceptional lifestyle.
Peoples Bank & Trust Company, your trusted partner for condotel financing...
We understand the unique financing needs of condotel investments and offer tailored loan solutions designed to help you seize the opportunities in this lucrative market.
As a specialized condotel loan lender, we have extensive experience and expertise in providing financing for these unique properties. Our team of professionals is well-versed in the nuances of condotel investments and will guide you through the loan process with confidence and ease.
Condotel Program Highlights:
- Minimum Loan amount $200,000
- Very competitive interest rates
- No special assessments
- Loan amounts up to $5,000,000
- Quick and easy one page condo questionnaire
- Units need to be at least 1 bedroom with a kitchen (2 burner stove and full-size refrigerator)
- Up to 75% LTV for condotel
- Credit scores down to 600
considered
- DSCR (investor) loans available with no
personal income/employment information needed
- Seller's concessions allowed
We recognize the potential of condotels as an attractive investment option, offering a combination of personal enjoyment and income generation. Our goal is to support you in realizing the full potential of your condotel investment.
When you choose us as your condotel loan lender, you can expect:
- Expertise: Our team has in-depth knowledge of condotel financing and understands the complexities involved. We stay up to date with market trends, regulations, and lending practices specific to condotels. Count on us to provide expert advice tailored to your unique circumstances.
- Customized Loan Solutions: We offer flexible and customized loan solutions to meet your specific needs. Our loan programs are designed with condotel investments in mind, allowing for factors such as rental income potential, cash reserves, and property management requirements.
- Competitive Rates: We strive to provide competitive interest rates and favorable loan terms. We understand the importance of balancing affordability and maximizing your return on investment. Our lending solutions are structured to help you achieve your financial goals.
- Streamlined Process: We believe in making the loan process as smooth and efficient as possible. Our dedicated team will guide you through every step, from the initial application to loan approval and closing. We aim to provide a hassle-free experience and ensure a timely funding process.
- Responsive Support: Your satisfaction is our priority. We pride ourselves on delivering exceptional customer service and being responsive to your needs. Our team is always available to address your queries, provide updates, and offer ongoing support even after the loan is finalized.
Partner with Peoples Bank & Trust Company to unlock the full potential of your condotel investment. Take advantage of our expertise, customized loan solutions, competitive rates, and streamlined process. Let us be your trusted lending partner in your condotel journey.
Contact us today to discuss your condotel financing needs and start your application process, or use our online pre-qualification form to get started. Together, we'll make your condotel investment dreams a reality.
