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Marketplace Brokerage provides conventional lending all over the United States on loan requests for Condominium conversion projects and Condotel-hotel construction loan project financing. Perhaps you are purchasing, building or renovating an apartment complex, office building or hotel to convert it from a rental to a quick sale project.
With residential and commercial loan development or just refinancing a multifamily complex to rehab it into a condominium conversion loan project. Pacific Mortgage will provide mortgage financing on all real estate investment conversion type commercial properties.
Marketplace Brokerage will work with borrowers, brokers, and investors to provide the right investment loan structure for your condo hotel conversion or construction loan property whether it is a purchase, refinance, or new construction. Our programs are competitive solutions if you have a golf course that is performing financially. If you would like us to assist you with your condominium loan and condo hotel commercial loan please contact us.
Please review our condominium conversion and Condotel resort commercial loan financing options below:
| Location: |
Nationwide |
| Type: |
We provide financing for acquisitions, refinances, and new construction of Condominium and Condo hotel commercial properties. |
| Loan Options: |
Adjustable interest only loans available with release clauses. |
| Amortization: |
Interest only |
| Term: |
1, 3 Years |
| Loan-to-Value: |
80% to 92% of costs based on Loan-to-Cost |
| Debt Service: |
DSCR on Condominium conversion real estate loans / Condo Hotel Resort Commercial properties is 1.25%, with some flexibility. |
| Collateral: |
Commercial and residential real estate lending property |
| Property Types: |
Condominium conversions and Condo hotel conversions from apartment, multifamily, office buildings and other acceptable commercial real estate financing. |
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