Condo Loans

At a glance

Up to 90% LTV with a 700 FICO on warrantable condos, plus options for non-warrantable units and condotels — the segments that traditional lenders typically refuse to touch.

Program highlights

• 90% LTV w/ 700 FICO (warrantable)
• 75% LTV non-warrantable condos
• 75% LTV condotels
• Loan amounts up to $4M
• Investment, second-home, and primary OK

How funding works

1. Send the unit address and HOA contact — we order the condo questionnaire
2. We classify warrantable vs. non-warrantable and price accordingly
3. Order appraisal and title in parallel
4. Close in 25–30 days on most files

Worked scenarios

Beach condotel, 75% LTV

Borrower: Investor buying a rental condotel in a resort market

Property value: $600,000 · Loan amount: $450,000

Outcome: Condotel funded where Fannie/Freddie won't go.

Why this program

A condo is 'warrantable' when its HOA and project meet Fannie/Freddie standards (owner-occupancy ratio, single-entity ownership cap, reserves, no litigation, etc.).

Most rejections are project-level, not borrower-level — so a non-warrantable program lets a strong borrower close on a project that wouldn't fly through agency guidelines.

Condotels (condo + hotel rental program) are a non-warrantable subset — almost always require a specialty lender.

Frequently asked

What makes a condo non-warrantable?

Common reasons: too many investor-owned units, single-entity ownership over the limit, ongoing litigation, or insufficient reserves.

Can I finance a condotel?

Yes, up to 75% LTV.