Originating Residential and Commercial Loans Since 1998

A condotel, short for condominium hotel, is a type of property that functions both as a condominium and as a hotel. These properties typically offer the amenities and services of a hotel, such as front-desk services, housekeeping, and rental programs, while also allowing individuals to purchase and own individual units as they would with a typical condo.

Pineyro Capital Group as been trusted since 1998 with over 7,500 closings and more than $5 billion in residential and commercial loan originations nationwide. We have the expertise and experience in securing financing for condotels, which can often be more complex than standard residential properties due to their unique nature. Our team of mortgage professionals will guide you through the specific requirements and loan options available for condotels, ensuring a smooth and efficient financing process. Whether you're looking to invest in a condotel for personal use or as an income-generating property, Pineyro Capital Group Residential and Commercial is here to help you every step of the way.

Yes, condotels are typically harder to finance because many lenders view them as higher-risk due to short-term rental operations and hotel-style management. Traditional Fannie/Freddie loans usually do not allow condotels. Our condotel financing programs are designed specifically for these types of properties and often require less documentation and more flexible guidelines.

Most condotels allow short-term rentals by design, either through the hotel’s rental program or on your own, depending on the building’s rules. Always confirm the property’s rental policy before closing. Many investors choose condotels because they provide passive income potential without the need to manage daily operations.

Credit score requirements vary by lender, but many condotel loan programs start around a 620–660 FICO. However, we work with programs designed to evaluate the property’s income potential, not just personal credit. Higher credit scores may qualify for better pricing.

Typical down payment requirements range from 10%–30% depending on occupancy type, credit profile, and building eligibility. Investor purchases may require a higher down payment, while second home financing may offer lower down payment options.

Yes, refinancing is possible with the right lender. We provide rate-and-term refinancing to improve monthly payment stability, as well as cash-out refinancing for investors looking to reinvest in additional properties or consolidate debt.

No. Many lenders and banks do not finance condotels due to building classification, rental structure, and perceived market risk. That’s why it’s important to work with a lender experienced in condotel underwriting. Our programs are tailored specifically for condotels, including units in resort markets and properties with active short-term rental income.