Looking for Condotel financing? What about cash out? Finance Factors may have the answer for clients looking to purchase, refinance or get cash out on their Oahu condotel property with our brand new condotel financing program.
Here are some program highlights – call us for full details
- Available for properties on Oahu only
- Cash-out refinance same as purchase
- Lodging units – reduce LTV by 10%
- 740 FICO
- Minimum $30,000 in reserves
- No income and full expenses for unit used in qualifying
|$50,000 – $150,000||60%||60%||45%|
|$150,001 – $250,000||55%||55%||45%|
|$250,001 – $350,000||50%||50%||45%|
Funds are limited, so call us today!
Our common-sense approach allows us to consider the entire picture, and not just the property or borrower information, when underwriting the loan.
Call us to discuss your client’s loan situation – Finance Factors is here to help!