Few locations can compete with South Florida if you are in the market for a condotel. With our warm, sunny climate, our beautiful beaches, and our booming economy, this is an incredible place to live full-time or part-time. Your condotel unit in or near Miami can serve as an investment, a second home, or even a primary residence.
You can think of a condotel as a cross between a condo and a hotel. You purchase it with a loan, as you would any condominium unit. Nonetheless, the unit is located in a hotel. Condotel residents can make use of hotel amenities and enjoy the same luxurious location as all hotel guests.
Some people live in their condotel units full-time, while others may use them only as part-time residences. The rest of the year, there is the option to rent the unit to tenants or hotel guests to earn extra revenue.
Condotel financing in Miami is one of our specialties here at Lending Bankers Mortgage. We would love to have a chance to connect you to a condotel loan which can serve your needs. Please contact us at (786) 220-1100 to set up your free consultation. Sooner than you think, you could be the owner of a beautiful condotel unit in Miami!
Lending Bankers Mortgage LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.