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Home > All Products > Mortgage Financing for Condo Hotels (condo-tels) Mortgage Financing for Condo Hotels (condo-tels) Financing for Condotels in Hoboken, NJ – Serving California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, South Carolina, and Washington D.C.
A luxury hotel operator is trying to revive a failed condo-hotel project in Fort Lauderdale, Fla., hoping that a formula that faded during the economic downturn can make a comeback.
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Q. What if I carefully consider all factors and still decide I don’t want Condotel financing terms? Gena: The easy answer is to simply buy in a property (Condo) that is eligible for conventional financing (Warrantable Condo it meets Fannie Mae guidelines). There are plenty in our area. Ask me to help you find these properties.
If need help paying your utility bill, Florida Power and Lights Care to Share utility bill assistance program offers up to $500 in aid once in a 12-month period. You need to qualify for these funds through nonprofit agencies who manage the program.. Fort Lauderdale based Housing Finance.
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Condo hotels are either operating or being developed in New York, Las Vegas, Honolulu, Miami Beach, Fort Lauderdale, Chicago, Mexico, Dubai, Panama, Toronto, Dominican Republic and Seoul with more expected in the near future. The majority of condo hotels are built in desirable locations generally defined as resort destination areas.
Condo Hotels or Condotels are a popular property type in Florida, especially in hot tourist areas like West Palm Beach, Fort Lauderdale, Orlando, Tampa and Miami.With access to beaches, golf and other tourist attractions, Condo Hotel properties are a great way to purchase a vacation home with the benefits of ownership and the conveniences and amenities of a hotel room.