Condo Hotel Loan
Another South Florida unique product that allows for vacation or second home buyers to obtain financing on the most prestige’s Condo-Hotel projects in South Florida. It allows you not like any other banks to borrow up to 75% of the purchase price or appraised value whichever is lower. It has no limitations non-warrantable condos and this product applies to domestic buyers as well as to Foreign buyers.
|Loan Amount||Purchase||Cash Out||Credit Score||Reserves|
Condo unit must meet minimal requirements.
Must have the following:
- 1 Bedroom or more
- Full kitchen
- Full size Refrigerator
- At least 4 burner stove
- Two years W-2’s, 1099, K-1, 1040 and 1065 or 1120 for Self – Employed with ownership 25% plus
- Last two paystubs and Profit and Loss Statement for Self – Employed
- Two Month Bank Statements( All large deposits must be sourced )
- Stocks and Bonds
- Minimum 660
This is not a commitment to lend, each applicant and borrower must be approved by the lender or investor. All terms and rates are subject to change with out notice. Please call our office to get pre-qualified.
20200 W Dixie Hwy Suite 1104
Aventura, FL 33180
Fax: 305 692-3000
Mon - Fri 9:00am - 5:00pm