Fort Lauderdale Florida – HELP!!!! – Need Condotel Financing

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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.

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The Buchanan Ingersoll & Rooney team of Fort Lauderdale. need to be more creative and flexible than ever,” LeCompte said. Other clients include The Related Group, Mast Capital, Rockpoint Group,

If anyone knows of a Florida Mortgage Lender that will do a loan for a Condotel in Fort Lauderdale Florida Please let me know. I have a client that needs financing and at this time, i have no.

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Condo Hotel Locations. The condo hotel concept began in places like Miami Beach and Fort Lauderdale, and these areas have dominated in terms of the quantity and quality of condo hotels. But now the concept is becoming popular in other parts of Florida including Orlando, Naples, Fort Myers and the Tampa-Clearwater area.

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A condo hotel, also known as a condotel, hotel condo or a contel, is a building which is legally a condominium but which is operated as a hotel, offering short term rentals, and which maintains a front desk.. Condo hotels are typically high-rise buildings developed and operated as luxury hotels, usually in major cities and resorts.

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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.