What are Condotels?
You can think of a condotel as a cross between a condo and a hotel. You purchase it with a loan, as you would any condominium unit. Nonetheless, the unit is located in a hotel. Condotel residents can make use of hotel amenities and enjoy the same luxurious location as all hotel guests.
Some people live in their condotel units full-time, while others may use them only as part-time residences. The rest of the year, there is the option to rent the unit to tenants or hotel guests to earn extra revenue.
Why Choose Us for Condotel Financing in FL?
- We are experienced handling condotel loans, and are familiar with the obstacles which may come up when providing condotel financing in Miami. Working with us helps ensure a smooth loan application process and fast approval.
- We emphasize the unique relationships we build with each of our clients. Through our consultation process, we get to know your specific needs so that we can help you achieve your goals.
- With our wide network of lenders, we can offer a range of loan sizes and terms. No matter what you are in the market for, we can help you find a condotel loan that will be suitable for your purposes. Competitive interest rates help to keep your short- and long-term costs down so that you can maximize the value of your investment.
Ready to Apply for a Condotel Loan?
When you are applying for a Miami Condotel loan, you will need to be prepared for a lengthier application process. The stricter requirements may necessitate more documentation. For this reason, applying for a jumbo loan on your own can be a challenge.
Thankfully, you are not on your own. Dynamic Mortgage is here to help. As your Miami jumbo loan partners, we can connect you with competitive mortgage offers from more than 130 area banks and lenders. We also can help speed up the application process and make sure that you provide exactly the documentation you need to get a jumbo loan with affordable rates and terms.
Call (305) 735-3278 to get started now.