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 5/20/2026

DSCR investor loan for short-term rental properties, allowing up to 80% LTV for purchase and rate-term refinances with no limit on financed properties.

FICO 620+LTV up to 80%

DSCR Loan for Investment Properties

confirmed 5/14/2026

A 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.

FICO 620+LTV up to 85%

Bank Statement Loan

confirmed 5/10/2026

Flexible 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.

LTV up to 90%

DSCR Loan for Investment Properties

confirmed 5/13/2026

Investor-focused DSCR program for residential properties, including non-warrantable condos and multi-unit properties, with no income ratio requirements.

FICO 620+LTV up to 85%

Bridge Loan for Investors

confirmed 5/20/2026

A 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.

FICO 700+LTV up to 80%

DSCR Loan for Investment Properties

confirmed 5/20/2026

A 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.

FICO 660+LTV up to 80%DSCR 0.8+

DSCR Loan for Investment Properties

confirmed 6/8/2026

DSCR loan program for investment properties with specific broker-focused underwriting.

DSCR Loan for Investment Properties

confirmed 6/8/2026

DSCR loan program for residential 1-4 unit, multifamily, and mixed-use investment properties.

DSCR Loan for Investment Properties

confirmed 5/18/2026

A 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.

FICO 620+LTV up to 85%

DSCR Loan for Investment Properties

confirmed 5/15/2026

DSCR-based financing for mixed-use (2-8 units) and residential (5-10 units) investment properties with loan amounts up to $3M.

FICO 720+LTV up to 75%DSCR 1+

Non-QM Investor Loan

confirmed 5/17/2026

A specialized loan program for non-warrantable condominiums, including projects with active litigation, high non-owner occupancy, or commercial use.

Jumbo Investor Loan

confirmed 5/13/2026

Jumbo loan program for primary, second, and investment properties with loan amounts up to $3 million, available for purchase and refinance.

FICO 660+LTV up to 80%

Non-QM Investor Loan

confirmed 5/11/2026

An investment property loan program offering flexible income documentation options including bank statements, 1099s, and alt-doc for self-employed borrowers and investors.

LTV up to 85%

DSCR Loan for Investment Properties

confirmed 5/10/2026

A 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.

LTV up to 85%

Non-QM Investor Loan

confirmed 5/10/2026

An investment property loan program that now permits condotels and offers updated guidelines for non-warrantable condominiums.

FICO 720+LTV up to 60%

DSCR Loan for Investment Properties

confirmed 5/12/2026

A 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.

FICO 660+LTV up to 80%

Bridge Loan for Investors

confirmed 5/12/2026

Short-term bridge financing for investors to acquire or refinance distressed or non-warrantable condo units.

Non-QM Investor Loan

confirmed 5/9/2026

Financing 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 5/15/2026

Jumbo loan program for primary, second, and investment properties with loan amounts up to $3 million, allowing non-warrantable condos.

FICO 660+LTV up to 80%

Bank Statement Loan

confirmed 5/10/2026

A 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.

FICO 600+LTV up to 90%

Non-QM Investor Loan

confirmed 5/19/2026

A 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.

FICO 660+LTV up to 90%

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 all Condotel guidelines and FAQs →

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