Condotel and non-warrantable condo financing in Florida.

Some Florida condominiums do not meet standard agency project requirements because of hotel-like operations, ownership concentration, commercial space, litigation, budget issues, short-term rentals or other project characteristics. Specialty lending may be available, but both the borrower and the condominium project require detailed review.

Apply or Request Pre-Approval Schedule a Consultation

Who this financing may suit

Buyers considering condotel or resort-style condominium units
Investors purchasing units with short-term rental or hotel operations
Borrowers buying in projects that do not meet standard agency review
Owners refinancing an eligible specialty condominium

Typical property uses

Eligible condotel units
Non-warrantable condominium units
Primary residence, second home or investment use when permitted by the selected program
Purchase or refinance transactions supported by an available specialty lender

Prepare early

Documents commonly requested

Exact requirements depend on the borrower, transaction, property and selected program. Upload sensitive information only through Bluestar Mortgage Inc.’s secure borrower portal.

Borrower income, asset, credit and reserve documents
Purchase contract and unit information
Condominium questionnaire and association documents
Budget, insurance, litigation and structural or milestone inspection information when applicable
Rental-management agreement or rental history for condotel use
Appraisal and project review documentation

Important limitations

A loan officer cannot determine project eligibility from the listing description alone.
Association insurance, reserves, litigation, structural conditions and ownership concentration can affect financing.
Condotel and non-warrantable programs may require more equity, reserves or different pricing than standard condominium loans.
Local short-term rental rules and association permission are separate from mortgage eligibility.

Questions borrowers ask

Condotel and Non-Warrantable Condo Loans in Florida FAQs

These answers are educational summaries. Current Bluestar Mortgage Inc. program guidelines and final underwriting control.

What is a non-warrantable condominium?

It is a project that does not satisfy one or more standard agency eligibility requirements for a particular transaction. The reason can vary and may change over time.

What makes a property a condotel?

Hotel-like services, centralized rental operations, short-term occupancy, front desk or resort characteristics may lead a lender to treat a project as a condotel.

Can I get preapproved before the project is reviewed?

Borrower qualification can begin, but final approval also depends on the specific unit and project. Early project documents are helpful.

Can projected short-term rent be used?

Treatment varies by program and may depend on appraiser-supported rent, operating history, management agreements and local legality.

What should I request from the association?

Current budget, insurance, questionnaire, governing documents, litigation information, reserve details and required structural or milestone reports may be needed.

Explore related financing

Related loan resources

Florida Investment Property Loans

Review eligibility, documentation and key considerations.

DSCR Loans in Florida

Review eligibility, documentation and key considerations.

Jumbo Loans in Florida

Review eligibility, documentation and key considerations.

Florida Home Purchase Loans

Review eligibility, documentation and key considerations.

Discuss your Florida financing goals with Indra.

Begin securely online or schedule a conversation before applying.

Secure Borrower Portal Contact Indra

The information on this page is general and does not constitute a loan quote, approval, commitment to lend, or legal or tax advice. Product availability and underwriting requirements are subject to change.