Condo Hotel Mortgages
• No cap on investor concentrations
• Up to 80% 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 620.
• 3/1, 5/1 or 7/1 ARMS available.
• Portfolio loans with good rates.
• Foreign National are allowed.
• No maximum loan size, LTV subject to change.