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Chris Trafton
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Seeking financing for non backed fannie mae investment

Chris Trafton
Pro Member
Posted Mar 31 2023, 10:49

I am having a hard time finding a lender that will work with me on purchasing a condo that is unfortunately structured as a condo tel.  Does anyone know of a bank that will work with me on this?

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Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
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Simmy Ahluwalia
Pro Member
  • Lender
  • Atlanta, GA
Replied Mar 31 2023, 11:44

Not a problem with us.  We can finance Condotels (non Agency loans).  Email is below, you can send us all of the information for a quote.

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Stacy Raskin
  • Lender
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Stacy Raskin
  • Lender
Replied Apr 3 2023, 23:26

@Chris Trafton, I work with lenders that do condotel investment property mortgages. I'll send you a message as well to get more information. 

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Myrtle Mike Thompson
  • Realtor
  • Myrtle Beach, SC
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Myrtle Mike Thompson
  • Realtor
  • Myrtle Beach, SC
Replied Apr 6 2023, 08:32

@Chris Trafton Try reaching out to the local lenders and credit unions in that market.  Not sure where the property is, but here in Myrtle Beach I have several lending partners that finance condotels regularly.  Some broker it out, but some have in-house loan programs (portfolio loans) for condotels.

  • Real Estate Agent SC (#124910)

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