Condotels

•  These do not fall under the Fannie Mae or Freddie Mac guidelines. Some of the obstacles may include but are not limited to: Check-in desk, furnished units, number of rental units vs. primary or second homes and square footage of the units.
• I have found these types of properties to be in resort communities.
• I have several lenders that will finance codotels.  I have found some lenders with better interest rates than others.
• I have lenders that do not charge point.