Condotel Loans in Florida
Florida is the country's densest condotel market - Orlando, Miami Beach, Key West, Panama City Beach, Destin, and the Gulf Coast all have purpose-built condotels with active rental programs. Specialty investor lenders are familiar with FL HOA structures and condotel project review, which speeds underwriting compared to non-FL deals.
Top Florida markets for condotel
- Orlando (Reunion, Champions Gate): Theme-park-adjacent vacation condos with year-round rental demand.
- Miami Beach: High-end boutique condotels; Hotel Indigo, Mondrian, and similar properties.
- Panama City Beach: Tower condotels (Edgewater, Calypso, Splash) with revenue-share rental programs.
- Destin / 30A: Resort-style condos with mandatory or optional rental program participation.
- Key West: Limited supply; existing licensed daily-rental units trade at significant premium.
Florida quick facts
- •Densest condotel market in US
- •Specialty lenders familiar with FL condo HOAs
- •HO-6 + HOA master policy required
- •Hurricane wind deductibles can be material
Active programs available in Florida
DSCR Loan for Investment Properties
confirmed 5/20/2026DSCR investor loan for short-term rental properties, allowing up to 80% LTV for purchase and rate-term refinances with no limit on financed properties.
DSCR Loan for Investment Properties
confirmed 5/14/2026A non-QM DSCR program for investors, including first-time investors, that allows for negative cash flow properties and offers flexible qualification options like asset utilization.
Bank Statement Loan
confirmed 5/10/2026Flexible income qualification options including bank statements, 1099s, and tax returns for primary residences, second homes, and investment properties with loan amounts up to $3.5M.
DSCR Loan for Investment Properties
confirmed 5/13/2026Investor-focused DSCR program for residential properties, including non-warrantable condos and multi-unit properties, with no income ratio requirements.
Bridge Loan for Investors
confirmed 5/20/2026A short-term bridge loan with terms ranging from 12 to 24 months, designed for investors with at least 2 years of experience. This program does not require a DSCR calculation and offers up to 80% LTV.
DSCR Loan for Investment Properties
confirmed 5/20/2026A 30 or 40-year fixed-term bridge loan for investment properties that requires a DSCR of at least 0.80. This program allows for up to 80% LTV and is available for single-family homes, 2-4 units, non-warrantable condos, and condotels.
DSCR Loan for Investment Properties
confirmed 6/8/2026DSCR loan program for investment properties with specific broker-focused underwriting.
DSCR Loan for Investment Properties
confirmed 6/8/2026DSCR loan program for residential 1-4 unit, multifamily, and mixed-use investment properties.
DSCR Loan for Investment Properties
confirmed 5/18/2026A business purpose DSCR loan for investment properties that does not require personal income documentation or a mortgage license. The program allows for up to 85% LTV on purchases and rate-term refinances with a minimum FICO of 620.
DSCR Loan for Investment Properties
confirmed 5/15/2026DSCR-based financing for mixed-use (2-8 units) and residential (5-10 units) investment properties with loan amounts up to $3M.
Non-QM Investor Loan
confirmed 5/17/2026A specialized loan program for non-warrantable condominiums, including projects with active litigation, high non-owner occupancy, or commercial use.
Jumbo Investor Loan
confirmed 5/13/2026Jumbo loan program for primary, second, and investment properties with loan amounts up to $3 million, available for purchase and refinance.
Non-QM Investor Loan
confirmed 5/11/2026An investment property loan program offering flexible income documentation options including bank statements, 1099s, and alt-doc for self-employed borrowers and investors.
DSCR Loan for Investment Properties
confirmed 5/10/2026A non-QM loan program for condotel properties, offering flexible financing options for purchase, rate-term, and cash-out transactions for both primary residences and investment properties.
Non-QM Investor Loan
confirmed 5/10/2026An investment property loan program that now permits condotels and offers updated guidelines for non-warrantable condominiums.
DSCR Loan for Investment Properties
confirmed 5/12/2026A 30-year fixed DSCR loan program for 1-4 unit investment properties, including condos and PUDs, requiring no tax returns and offering up to 80% LTV for purchases.
Bridge Loan for Investors
confirmed 5/12/2026Short-term bridge financing for investors to acquire or refinance distressed or non-warrantable condo units.
Non-QM Investor Loan
confirmed 5/9/2026Financing solutions for condo projects that do not meet standard Fannie Mae or Freddie Mac guidelines, including those with litigation, high commercial space, or investor concentration.
Jumbo Investor Loan
confirmed 5/15/2026Jumbo loan program for primary, second, and investment properties with loan amounts up to $3 million, allowing non-warrantable condos.
Bank Statement Loan
confirmed 5/10/2026A non-QM bank statement program for service and tip industry workers that uses 12-24 months of bank deposits to calculate income without requiring tax returns.
Non-QM Investor Loan
confirmed 5/19/2026A closed-end second lien mortgage program available for owner-occupied, second home, and investment properties with fixed-rate terms of 10, 20, and 30 years.
Florida Condotel FAQs
Are most Florida resort condos technically condotels?
Many but not all. The "condotel" label requires hotel-style operations: front desk, daily rentals, mandatory rental pool, or hotel-owned commercial space. Many FL resort condos qualify; some are purely residential condos with HOA-allowed STR.
Do FL condotels qualify for any agency financing?
Almost never. They fail Fannie/Freddie warrantability tests on multiple counts (daily rentals, hotel services, often single-entity sponsorship). Specialty investor / non-QM is the path.
Insurance considerations for FL condotels?
Master HOA policy covers building shell; you need HO-6 walls-in coverage. Post-Ian and Idalia, insurance costs in coastal FL have jumped 30-60%. Lenders verify carrier and review HOA policy at closing.
General condotel questions
Why won’t conventional lenders finance condotels?
Fannie Mae and Freddie Mac require condo projects to pass a warrantability checklist that excludes daily rentals, front-desk hotel services, mandatory rental pools, and projects with high commercial space ratios. Most condotels fail at least one of these tests.
What rate premium should I expect on a condotel loan?
Condotel pricing typically runs 0.5–1.25% above a comparable single-family DSCR rate. Lenders price the additional risk of a non-warrantable, hospitality-driven asset.
Can I qualify using projected short-term rental income?
Yes. Most condotel DSCR programs use a 12-month projection from AirDNA, an existing rental program statement, or a market-rent appraisal addendum.
See live Florida pricing
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