No. of Recommendations: 2
Hi Calabogie & IP,

What you are referring to is known in the mortgage world as a "Condotel" and it is a classified as a "unique property" and it requires a special loan program that very few lenders offer today.

This is definitely one of those cases (right along with log homes, sod homes, sky-rise condo units, subterannean units, floating homes, homes made out of old bomb shelters, etc.) where it makes more sense to hire a broker to do the searching. Its a question of finding a source to get it done at a reasonable rate & term... not shopping for comparable rates & terms.

Cheers,
Dave Donhoff
Leverage Planner
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