Waking Up to Condo Hotel Mortgages
60 to 90 Thousand Condo Hotel units will hit the market by 2009, but who will finance these sales?
By Bob Waun, CEO, Vacation Finance
The condo hotel trend has been much ballyhooed, so why are lenders still sitting on the fence when it comes to consumer mortgage financing? Here are three […]
Author Archives: admin
Condo Hotel mortgage…
July 12, 2007 – 8:58 pm
from my friend carlos…
July 12, 2007 – 8:57 pm
58, and passionately in love again or…
For 58 years, I have been known as Charles, or Chuck Soberman. I am a retired business owner and former college professor. Mild mannered; basically your average Midwestern American male baby boomer.
Recently, however, I started a passionate love affair. Everyone knows, even my wife of 27 years. And she […]
10 Things You Need to Know About Condo Hotel1.) …
July 12, 2007 – 8:56 pm
10 Things You Need to Know About Condo Hotel
1.) No U.S. lender understands the nuances of condo hotel better than Vacation Finance
2.) Condo hotel loans are not salable to Freddie Mac or Fannie Mae and therefore carry slightly higher rates and stricter loan qualification terms.
3.) Condo hotels are both commercial and residential property, and so […]
we finance vacant land
July 12, 2007 – 8:55 pm
10 Questions to Ask Before
Trying to Divide Vacant Land
1. Will the proposed division require a public hearing?
2. Will the jurisdiction require a stake survey?
3. How many months will it take to receive the subdivision approval?
4. How does a property owner get on the agenda for the next planning board meeting?
5. What are the minimum lot […]
Financing & Second Homes
July 12, 2007 – 8:49 pm
Again from NAR: “Eight in 10 second home buyers considered it a good time to invest in real estate, compared with 57 percent of primary residence buyers. A surprising 55 percent of vacation-home buyers and 66 percent of investment buyers said they were likely to purchase another property within two years.
“Second homes are really something […]
