Generally speaking, these loans are hard to obtain. High LTV and Interest-Only Options. Owners use short-term rentals to generate income, listing them on platforms. On the beach, there is a service for chair/umbrella rental. 1 Beds. South Carolina. Encompassing six buildings with 380 units, this contemporary property includes amazing…. info. Condotel financing is one of the things you need to be considering even as you consider taking on this business. We also offer our Condo/Condotel Lender List and Closed Sales Histories (Details for every sale since 2009 for over 180 resorts). Call ☎ (800) 697-4371 info@afbcarolinas. If you are interested in condotel loans and non-warrantable condo loans, please contact us at Gustan Cho Associates at 800-900-8569 or text us for a faster response. When this occurs, we can offer. If you think that condotel ownership may be for you, we can help you apply for competitive condotel financing in Miami or the surrounding region. A condotel is a. In this article, we will discuss and cover condotel financing mortgage guidelines. If you are staying at a resort, you pay $20 per day. Coral Beach. Several financial pros come with retiring in South Carolina. Condo Guide for North and South Carolina, Florida and Georgia including oceanfront luxury condos and villas for sale plus condo hotels. Interested in financing for condotels? This article is for you! Read it to learn the difference between condominium and condotel loans. Owning a condotel is popular in Myrtle Beach, SC due to them offering unique services that you do not receive when purchasing a condo. One thing to consider when buying a condotel, is that you will most likely need to pay cash. Atlantic Beach currently faces one of the highest tax rates in Horry County. Condotels at One Ocean Place: Nice view, pool and hot tub - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. 2403 Environ Way #2403, Chapel Hill, NC 27517. Hopefully, now you understand why your regime fees will easily be $400 to $1500 a month (depending on what condo development) you own. Condotels at One Ocean Place: Unit 608 Was Perfect! - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Applicability. For Sale. However, to be able to find a lender who offers you a loan for building a condotel, you need expert supervision from Commercial Real Estate Loan Pros of Key West. Or email us at gcho@gustancho. (305) 697-7667. There was a time for the past three years that not a single mortgage lender would touch a Condotel unit. Condotels are condominium projects, which are individually owned and operated as a hotel. A condotel unit is a private condominium unit inside a hotel that an individual and entity owns. com. Florida Condo Mortgage, Florida Condo Mortgage Rates, Non-Warrantable Condo Mortgage, Condotel Mortgage Financing, Florida Condo Loans. 8999. 5 Baths 2862 SqFt. Answer 1 of 3: Business travelers, looking for recommendations for good hotel or condotel for extended stay for worker in Columbia, SC near BCBS / I-20 for 1 to 3 months stay, perhaps longer. . 1. Condo For Sale In Myrtle Beach, South Carolina. Address Line 1. It is considered real estate. Senior homeowners may qualify for a homestead exemption that allows the first $50,000. On January 1, 2022, the updated Fannie Mae condominium lending guidelines went into effect. *. It is rare for banks and residential lenders to have the ability to offer this type of financing. RE/MAX SOUTHERN SHORES NMB. Fannie Mae Lender Letter (LL-2021-14) specifically states that new guidelines are necessary to combat aging infrastructure and significant deferred maintenance in condominiums in the wake of. Portfolio Financing for Condos and Condotels. Today we explore the World of Condotel Financing and discover the benefits and drawbacks to consider. W. To qualify for condominium mortgage loans, please contact us at Gustan Cho Associates Mortgage Group at 800-900-8569 or text us for a faster response. Coral Beach. Zip Code. Fannie Mae Lender Letter (LL-2021-14) specifically states that new guidelines are necessary to combat aging infrastructure and significant deferred maintenance in condominiums in the wake of. The down payment requirements are significantly lower on second home financing versus conventional investment home financing. are experts in condotel financing and originating non. Various Condotel Projects are popping up in Destin, South Beach, Panama City Beach, Palm Beach and Miami. Condotel Financing. Source: acmg. 9694. North Myrtle Beach, SC 29582. com. 00 or as much as $3,360. Condotel Financing Guidelines. Long-Term Fixed or ARM Rates. (866) 803-2853. At around $200 to $240 per square foot, it is about 57% as expensive to build a barndominium compared to a regular 2×4 framed home. Up to 75% LTV on bridge loan loan amounts between $1,000,000 to $1,500,000. General - FAQs. Orlando’s newest condo hotel is minutes from Disney’s theme parks and numerous other attractions. FHA, VA, and USDA loan programs do not have second home financing programs. Fannie Mae permits the financing of a single or multiple parking space(s) with the mortgage, provided that the parking space(s) and residential unit are included on one deed as evidenced by the legal description in the mortgage. 1040 South Federal Highway, Hollywood, FL 33020 1-855-ADLOANS (1-855-235-6267). 3 bed. We consider loan-to-value ratios of up to 65%. We will send you a secure online payment form to complete upon acceptance. Up to 65% LTV on bridge loan for amounts between $1,500,000 to $2,000,000. 256. 2507 S Ocean 1/13 Blvd Unit 905. $379,500. Orlando, FL – New Pre-Construction Condo Hotel. Investment properties are eligible for the Condotel program. 2318867 MLS. Refinances – unit owner must have Coop Stock. All you need is a credit check and either a down payment or refi equity. Auto Loans. 4 Beds 2. Management of your condotel unit, its building, and the surrounding amenities is key to your revenue potential and ensuring that your unit is a solid investment. Are you considering real estate investment in a vacation…Navigating Financing Challenges for Condotel Investments Aug 21, 2023. These could have serious impacts on getting loans in South Carolina, especially in coastal beach towns like Myrtle Beach where highrise oceanfront condos are so integral to their economy. South Carolina 864. A condotel is just what it sounds like—a cross between a condominium and a hotel. This FAQ document provides responses to common questions related to Fannie Mae’s project review methods and policies for determining project eligibility for mortgages secured by units in condo, co-op, and planned unit development (PUD) projects. First Last. Condotel Financing Mortgage Guides Require 25% down zahlung, 680 FICO, 43% liabilities to income ratios for first and second condotel units. Mortgage rates on investment home financing are about. Condotels at One Ocean Place: Great Stay - Garden City Realty Is Top Notch - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. The team at Gustan Cho Associates are specialists in condotel financing in Florida and California as well. But what is a condominium hotel or condotel? A condo-hotel is a new trend in the Myrtle Beach condo market. Navigating financing challenges in condotel investments requires creativity, diligence, and a thorough understanding of the market. Full kitchen (kitchenettes are not allowed) Minimum loan size is $100,000 and the maximum loan size is $3 million. NMLS #5645 These programs are available to only qualified borrowSouth Carolina property manager licensing requirements include: Age: must be at least 18 to be a property manager, and 21 to be a property manager in charge. State. Or email us at gcho@gustancho. Condotel financing was totally unheard of. Beaufort, Beaufort County, SC . The Team at Lending Network, LLC Is Available Seven Days a Week, Evenings, Weekends, and Holidays. Once received, we will review your credit profile. To get a condotel unit or non-warrantable condominium unit approval, the condotel unit or non-warrantable condominium unit needs to be the following: at least 500 square feet. Condotels at One Ocean Place: Very nice condo building. 1040 South Federal Highway, Hollywood, FL 33020. Up to 75% LTV for Purchase Loans. Zip Code. Condominiums are usually divided. com or visit us at lender overlays. A condotel is a combination of a condominium and a hotel and is a unique type of property ownership. Individual owners have units, but they have. Condotel Units, also known as Condo-Hotel, have been very popular from the mid-1990s until 2008, when the real estate and financial markets. Financing a condotel is different from financing a condominium, so it is important to work with a mortgage company that is experienced with condotel loans. Condo and condotel financing list. Sooner than you think, you could be the owner of a beautiful condotel unit in Miami!Get the scoop on the 159 condos for sale in Charleston, SC. Cash-out refinance mortgage loans on a manufactured home requires a loan to value. The largest property for sale is 3,174 sqft and smallest 307 sqft. I am a Realtor who owns. Step 3: Confirm the Condo Project Insurance Requirements. New Changes To Condo Lending as of Dec 7th, 2020. What is a Condotel? A condotel is just what the name sounds like: it is a combination of a hotel and condo. com. Home buyers interested in purchasing a condotel unit or non-warrantable condominium in Florida, please contact me at 800-900-8569 or text us for faster response. Rock Hill, South Carolina 42 contributions 22 helpful votes. Need Condotel Financing in Aspen, Snowmass Village, Steamboat Springs, Telluride, Vail? We have condotel programs that allow: up to 75% financing on condo-tels to $2. 2br - 1100ft² - Condo for sale in Little River, South Carolina. 1,700 sqft. CONDOTEL. Get the scoop on the 1474 condos for sale in Myrtle Beach, SC. to. Condotels make great investments in touristy areas where they. When a project as a whole, functions more like a vacation rental resort, the building is ineligible for. § 47C-1-101. 256. - Condo for sale. Discover if investing in condotels in the Philippines aligns with your investment goals. Projects that have no other condotel characteristics, but which permit unit owners to offer short-term rentals on a seasonal basis while they reside in the units. The amount depends on various factors, and each package will look slightly different depending on the lender. The difference in financing condominiums compared to single family homes is that lenders have to get the property approved in addition to merely approving the borrower. 843. 788%. Our quick loans come with competitive rates, flexible terms and convenient online banking. C. Petersburg CONDOTEL Financing. 10% minimum down payment is required. Max Loan $4M. Unlock the secrets of successful condominium and condotel financing in our comprehensive webinar series. recent paycheck stubs. Up to 103 LPC Non-Owner Occupied. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors. Our experts can help you with the premier mortgage. But it boils down to whether or not you can rent the condo for 7 days or less, and it’s a daily rental. At Acorn, let the best loan offer find you on our secure and user-friendly platform. #110 FRACTI, North Myrtle Beach, SC 29582. There is no maximum loan size on Condotel Financing Mortgage Loans. A condo hotel, also known as a condotel, hotel condo, or a contel, is a building that is legally a condominium but operated as a hotel, offering short-term rentals, and which maintains a front desk. A condotel is an entire complex, which means that if one (or more) of the units are not maintained properly, it can reflect poorly on the rest of them and bring property values down. Homeowners who own a personal residence, the new Condo-Hotel unit can be classified as a second home which requires 25% down payment. Water temp is wonderful in June!Myrtle Beach Condos with an Angle Oceanfront View. Gustan Cho Associates has lending relationships with over 210 wholesale mortgage lenders. The team at Gustan Cho Associates is available 7 days a week,. How it works: LendSure’s Bridge Financing Program pays off the existing lien while providing the cash out needed for down payment on the new home. In comes what we call our portfolio option for condotel financing. Morant Properties, the developer, hopes to help with that growth. have a fully functional kitchen. Are you purchasing a condotel and struggling. What is a Condotel? A condotel (also known as a hotel condo) is a residence unit that is legally classified as a condominium but is located inside a hotel and operated in the same way. Sess. Home; About Us. It is similar to a hotel in that many times the building actually looks like a hotel, but each individual unit is. Also, if you’re a real estate. Use our mortgage calculator to see how much it would be to finance a home in Myrtle Beach. Currently, the condotel purchase market in South Beach, Panama. There are, however, a few external. North Myrtle Beach, SC 29582. Condotel and non-warrantable condos are portfolio loans. A condotel is a condo unit that is operated as a hotel. " Meaning they are a condo that is in what they consider a hotel. Pet-friendly Rentals. Property owners kept from operating a short-term rental would only be subject to the 4 percent property tax rate for a primary residence, even if the property was used as a second home or long. $101,000. Brokered by Keller Williams Innovate South. Here are some additional details about Ocean Blue Resort: The resort has 12 floors and 120 units. By Alison Gregor. 1 Baths. Documentation: Qualify with either a traditional full doc loan or a limited document bank statement-only loan. 1,210 sqft. A 25% down payment is required on condotel second homes. Look for oceanfront villas, condos, townhomes and condo hotels including luxury condos in places like Myrtle Beach, SC; Cocoa Beach, FL; Oak Island, NC and more. Condotels Golf Colony Resort, Myrtle Beach: See traveler reviews, candid photos, and great deals for Condotels Golf Colony Resort, ranked #36 of 99 specialty lodging in Myrtle Beach and rated 3 of 5 at Tripadvisor. Conway, South Carolina 590 contributions 307 helpful votes. We offer a range of financing solutions for condominiums, so you can find the mortgage you want – minus the hassles and stress you don’t. Typically, a minimum down payment of 20% will be required. For sale. A condotel, or condo-hotel, is a unique style of property ownership that operates as both a residence and a rental unit. A condo hotel goes by many names. Loan Amount Range: From $100k up to $4 million. Call ☎ (800) 697-4371Condotels at Surfmaster: Surfmaster by the sea 809 - See 13 traveler reviews, 8 candid photos, and great deals for Condotels at Surfmaster at Tripadvisor. Or email [email protected] Mortgage Condo loans. 00, with the average rent median estimated to be $1,250. 2 Beds. Condotel Unit buyers interested in getting qualified for Condotel Financing, please contact Gustan Cho Associates at 800-900-8569 or text us for a faster response. Atlantic Beach currently faces one of the highest tax rates in Horry County. 5% down payment for a home purchase. 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. In the example used above, the property brings in $1,500 monthly with a monthly payment of $1,000. Listed is all The. Reach out or visit a. on 47 acres between 29th and 32nd avenues south,. Capital Lending Network, Inc. However, the cost of building a barndominium in South Carolina is much less. Step 2: Follow the Condo Project Review Type Requirements. Address Line 2. Condotels at One Ocean Place: DONT STAY HERE - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. We are available 7 days a week: evenings, weekends, holidays as well. LuciaThe average rent price in Myrtle Beach, SC, is $1,319. Sea Mist Direct Oceanfront condo Efficiency. Homes are listed on the market for around $244,990, and are closing for about $173,400. If you've got a goal, we're here to help you meet it with affordable financing. . Encompassing six buildings with 380 units, this contemporary property includes amazing…. If you need a Condo Hotel purchase mortgage loan or a Condo Hotel refinance mortgage loan, please contact us at Gustan Cho Associates at 1. Condo For Sale In Myrtle Beach, South Carolina. Reviewed August 20, 2018. com to schedule your consultation. View photos of the 106 condos and apartments listed for sale in Charleston SC. Investing in a condotel property can be an excellent opportunity for individuals seeking a lucrative real estate venture, especially in a popular tourist destination like Myrtle Beach, South Carolina. Address: 1990 N Waccamaw Drive. Learn more about local market trends & nearby amenities at realtor. No doc mortgage loans where tax returns and income verification is not required. However, at Commercial Real Estate Loan Pros of Tallahassee, we will get back to you during the first 24 to 48 hours and send a draft of the contract if we decide to approve the loan. More finance insights;. Find oceanfront condos for sale in Myrtle Beach, SC like a real estate agent! Exclusive access to condominium listings near the ocean in Myrtle Beach, South Carolina!Lending Bankers Mortgage Specializes in Condotel Loans in South Florida. Brokered by Dunes Real Estate. Minimum down payment of 15%. 1625 S Ocean Blvd Unit 1802. There are also plenty of amenities and daily housekeeping. SOUTHERN COAST INSURANCE GROUP INC 4420 Oleander Dr Ste 104 Myrtle Beach, SC 29577 Get Map Phone: 843-839-5076 Fax: 843-353-0785 Contact UsProject Standards Requirements - Condotels. The following are the criteria in which properties would be allowed for condotel financing: The units need to have a full kitchen and a separate bedroom. Florida CONDOTEL Financing. Ocean front condos are known by lenders as a "Condotel. This condo comes fully furnished and offers fantastic upgrades throughout. SECTION 27-31-60. We can offer both warrantable and non-warrantable condo financing. Maximum LTV (loan-to-value) is often 60-75%. Condotel loans are. We consider loan-to-value ratios of up to 65%. 4 bds; 3 ba; 1,633 sqft - Condo for sale. The Villas at Old South is a community of condos in Bluffton South Carolina offering an assortment of beautiful styles, varying sizes and affordable prices to choose from. If you are considering investing in a condotel and wondering whether now is a good time, this is the best advice we can give those who are looking for a condotel mortgage in South Carolina. Gustan Cho and his team of loan officers are licensed in multiple states. A condotel essentially is a condo that can be rented either by the night, the week, the month or multiple months, and is similar to that of a resort as the building has a front desk where people can walk up to book or rent a unit. Top 10 Most Affordable Cities in South Carolina Jul 24, 2023 6. Friday, November 24, 2023. Balloon payment due in 6 months with. Email Agent. Here’s how to get your score: Complete the form below. View Hotel. Reed has been profiled in and written articles featured in Pacific Business News, The Honolulu Star Advertiser, The Greenville News and as a guest speaker on various radio talk shows. The Team at Lending Network, LLC Is Available Seven Days a Week, Evenings, Weekends, and Holidays. Learn more. Over 75% of the borrowers of Gustan Cho Associates (Gustan Cho Associates) are folks who could not qualify at other lenders due. There are no in-state. On a case by case scenario, even if the rental income is claimed on the schedule E, the property can be classified as a second home. ) to find Myrtle Beach, SC apartments for sale according to your specific needs. These rentals, including the outside marketing of them, are handled directly by the management company. Trump International Hotel and Tower. 3 bath. Investment. Learn more about local market trends & nearby amenities at realtor. Orlando’s newest condo hotel is minutes from Disney’s theme parks and numerous other attractions. Like favorite_border. As far as the technical difference goes, if there’s a nightly rent and there’s a check-in desk, it’s a condotel. Condotel Financing Solutions: Unlock Your Dream Investment in Myrtle Beach. com®. Condotels at One Ocean Place, Garden City Beach: See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place, ranked #2 of 10 specialty lodging in Garden City Beach and rated 4 of 5 at Tripadvisor. 212 reviews. Not many traditional lenders will allow condotel mortgages due to their increased risk. It’s complicated (but we can make it easy for you). Or email us at gcho@gustancho. Other financing options, such as an FHA or VA loan,. If you need to qualify for a condotel and non-warrantable condo loans, please get in touch with us at FHA Bad Credit Lenders at 262-716-8151. June 11, 2021 / in General, Mortgage / by Laura A. 30 room nights free every year with an option to use 3 nights/year/other hotel of Sta. Condotel loans are a specific type of mortgage loan for condotel units, which are a mixture of a condo and a hotel. 5 million as a primary or second home. Brilliantly located by the pristine. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service. The average cost of condo insurance in South Carolina is $579 a year or $48 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Inquiries. St. Alabaster, Shelby County, AL . Owner Financing - Myrtle Beach, SC Home for Sale. Our company can help you find private lenders to meet all your funding needs. This rented condominium is situated on the Garden City Beach. Condotel unit buyers and commercial real estate investors who have any questions on Condotel Financing and/or commercial loans, please contact us at 800-900-8569 or text us for a faster response. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major. Angle oceanfront units are approximately $89,000 for one bedroom with a kitchen and a living room. 438. Minimum down payment of 15%. Condotel Financing Program Features Offering conventional and portfolio loan options Available for second home and investment properties Team of condotel specialists that. (843) 628-3604. You will be contacted by one of our experts to confirm your information and validate authorization. The coastal south carolina city of myrtle beach is one of the top travel destinations in the nation. com. Financing for new and used vehicles. Typically, each of the units within a condotel is sold to an individual owner. We now offer Condotel and Non-Warrantable Condo Financing which are portfolio loans with 25% down payment. Condotels at One Ocean Place: VERY Disappointed - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Matthews, North Carolina (704) 858-3884; Posted Mar 9 2015,. The team at GCA Mortgage Group are experts in helping borrowers finance non-QM loans. Condotel Financing. with a major in real estate will also qualify. Condotel Mortgage Rates; Florida Condotel. APPLY NOW. com. Home Spring Mortgage is the the largest non-qm (non-qualified) mortgage lender in South Carolina, providing diverse mortgage loan options for borrowers to achieve their dream of homeownership. Grand Strand Coastal Realty. If you have any questions on second home mortgage loans please contact us at 800-900-8569 or text us for a faster response. At least 50% owner-occupancy. When your ready to get started on our foreign national loan, we are experts to guide you through the entire process, the first step is getting you pre-approved. 5 Baths. A list of local lenders and contacts who can provide traditional financing for condos and condotels in South Carolina, based on the type of loan and the characteristics of the. For current trends in South Carolina’s real estate investment market, visit Zillow or Trulia. Condotels at Surfmaster: Surfmaster- ROOM 412 is the BEST! - See 13 traveler reviews, 8 candid photos, and great deals for Condotels at Surfmaster at Tripadvisor. Shout or Text: (800) 900-8569. Beach is very clean, no trash, no seaweed even! Waves are crazy!! The undertow can be very strong, but there is a lifeguard from about 9-5 daily. A new modern luxury condo hotel is now being offered on the tree-lined shores of serene Lake Austin, with access to a local resort with…. Ccnb offers special rates and terms specifically for condotels that include. View property. Sun everyday, beautiful Condo North 702. We will send you a secure online payment form to complete upon acceptance. Contact Gustan Cho Associates at 800-900-8569 or text for faster response. Unlike Our Competition, We Do Not Believe In Having Banker’s Hours. 5. You now are aware of some of the advantages and drawbacks of investing in a condotel. Alpha Mortgage is licensed in North Carolina (L-113831), Virginia – Licensed by Virginia State Corporation Commission (MC-4927), South Carolina (#93265), Florida (MLD1700), Georgia (#93265), and licensed in Texas – SML Mortgage Banker Registration. Condotels at One Ocean Place: One Ocean Place, Room 203 - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. Get ongoing access to funds with a home equity line of credit by itself or combined with a first mortgage. Average home values in the state are currently about $158,900. 1 bath 400 sq ft 201 74th Ave N #2636, Myrtle Beach, SC 29572 (843) 492-4030 Owner Financing - Myrtle Beach, SC Home for Sale OWNER FINANCING AVAILABLE!!!!! No. 7100 N Ocean Blvd #1126, Myrtle Beach, SC 29572. At Acorn Finance, our platform creates an element of competition for lenders, benefiting both you and them. $242,900. com®. The list includes American Financial Network, CCNB, Movement Mortgage, Edge Home Finance, Ameris Bank, Conway National Bank, Guild Mortgage Company, Homebridge Mortgage, Neighborhood Loans, New Wave Lending and Union Home Mortgage. As an investment owner, you are not a primary resident. Building or project needs to be more than or equal to 50% for. Some lenders may go as low as $55,000. Max Loan $4M. Our Mortgage Experts. Call ☎ (800) 697-4371Condotels at One Ocean Place: Beautiful Place ! - See 48 traveler reviews, 32 candid photos, and great deals for Condotels at One Ocean Place at Tripadvisor. You can email us at gcho@gustancho. Click here to get started or call our main branch (866) 418-9219 to speak to a CCNB mortgage specialist. Rental Income. Enjoy all the. Warrantable condos are one that a homebuyer can finance using a conventional mortgage, after having been approved under a set of guidelines set by government-sponsored enterprises Fannie Mae and. No minimum square feet. Title Options: Hold Title as an individual, in a trust, or an LLC. Homes are listed on the market for around $244,990, and are closing for about $173,400. Prequalify. Warrantable condos are one that a homebuyer can finance using a conventional mortgage, after having been approved under a set of guidelines set by government-sponsored enterprises Fannie Mae and. 75% of a refinance mortgage on a manufactured home. Points. Main Office: 1320 Airlie Road | Wilmington, NC 28403 910. 8999. 2001 S Ocean Blvd #1304, Myrtle Beach, SC 29577. 00. We are available 7 days a week: evenings, weekends, holidays as well. Stretching 60-miles along South Carolina’s coast from Little River to Georgetown is the Grand Strand. Condotels are condominium units situated within a condo hotel. We can offer both warrantable and non-warrantable condo financing. Text us at 407 955 4575. Get a condo insurance quote online or call for advice. 1. . Condotel financing was totally unheard of. 00:00. Address Line 1. We now offer Condotel and Non-Warrantable Condo Financing which are portfolio loans with 25% down payment. The rates and monthly payments shown are based on a loan amount of $464,000 and a down payment of at least 25%. 2 Baths. Resort, Airbnb, Daily Rentals acceptable. Call ☎ (800) 697-4371 info@afbcarolinas.