condo hotel financing: Condotel Financing Available!
- 04/29/09 12:00 PM
I have been getting a LOT of calls about financing condos in our area and throughout the Southeast. At this point, we have been told that if any of the following are present, the project is considered a "condotel": If an underwriter can Google the name of the project and the city and finds that they can rent a unit for a short term there (ie: a day or a week), they are considering that project a condotel; If the project has the word "Resort", "Inn", "Hotel" or "Motel" in the legal name, it is being considered a condotel; If a … (5 comments)
I have been getting a LOT of calls about financing condos in our area and throughout the Southeast. At this point, we have been told that if any of the following are present, the project is considered a "condotel": ;)
;)
