Looking for a Condotel loan

2 Replies

@Bill Gallagher if you just found out it's a condotel, what did you originally think you were buying? I worked on a lot of these deals back in the 2007-2008 timeframe, but haven't heard much about them since. At that time, there was often an approved lender for the entire development who would finance all of the individual units separately. You may want to ask some of the other owners who they have their loans through, because if that's the case here, they're the most likely source of a good deal.

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