How it works
Condotels — condo units inside a building with hotel operations, front-desk service, rental management or nightly reservations — sit outside conventional guidelines almost by definition. They are a staple of destination and ski-town inventory, and they require lenders who actively want this collateral.
What defines this program
- Specialty and portfolio lender pathways
- Rental program and hotel operations reviewed as part of underwriting
- Second home and investment use cases
Common fits
Questions borrowers ask
Why do most lenders decline condotels?
Hotel-like operations change how the collateral is valued and resold, so most agency and bank programs exclude them outright. Financing exists, but it lives with a smaller set of lenders.
Who are condotel financing usually a good fit for?
Most often ski-town resort units, destination resort properties, coastal resort towers. That list isn't a rule, though — plenty of files land here for reasons that don't show up on a bullet point, so it's worth asking even if you don't see yourself on it.
What should I have ready before we talk about condotel financing?
Nothing formal. Tell me the property type and where it is, whether it's a purchase or refinance, how you're paid, and roughly what you're working with for down payment or equity. That's enough for me to tell you which direction actually makes sense before you pull documents together.
What will my terms look like?
Pricing, structure and qualifying guidelines vary by lender, property, occupancy and your full financial picture — and they change often. Rather than publish numbers that may not apply to you, I review your scenario directly and walk you through the real options available for it.
This page intentionally avoids quoting rates, down payments, credit-score minimums or underwriting requirements. Guidelines differ by lender, property type, occupancy and borrower profile — and they change. April Ramker reviews your scenario and tells you what applies to it.