Non-Warrantable Condo & Condotel DSCR Financing
Bottom Line Up Front (BLUF): Conventional banks reject condos where >50% of units are investor-owned, where the HOA permits nightly Airbnb rentals, or where a registration desk operates on-site (condotels). Specialized Non-QM wholesale DSCR shelves actively finance both non-warrantable condos and condotels.
Underwriting Formula / Rule
Max Leverage: Up to 75% LTV Purchase / 65%–70% LTV Refinance on Non-Warrantable Condos & Condotels.
Wholesale Shelf Benchmark
14+ wholesale shelves accept Non-Warrantable Condos and Resort Condotels.
Frequently Asked Underwriting Questions
Is there a minimum square footage for a condotel DSCR loan?
Typically 500+ sq ft with a full kitchen or kitchenette.
Arranged by Loan Daddy LLC (NMLS #2827624 · (480) 485-1229 · quotes@loandaddy.ai). Business-purpose investment properties only.