Condo Hotel Mortgages

 

No cap on investor concentrations
 
Up to 70% LTV.
 
A single entity may own above 10% of the units in a project.
 
Projects with a lot of space for non-residential purposes may be capped at a lower LTV.
 
Min. credit score 680.
 
3/1, 5/1 or 7/1 ARMS available.
 
Portfolio loans with good rates.
 
Canadiens without US citizenship on a case by case basis 60-65% LTV.
 
No maximum loan size, LTV subject to change.
 

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