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Flexible short-Term rental loans

Finance Short-Term Rentals, Condotels, and Vacation Rentals

Short-term rental properties with regular bookings can outperform a long-term rental, helping you build more wealth. If you’re considering purchasing a short-term rental or condotel, one of the biggest challenges is obtaining financing as it differs from a regular condominium. Requirements are more stringent than a residential mortgage loan and each property has specific financing requirements that need to be met. 

What is a condotel? 

A condotel is a short-term rental unit in a condominium project generally found in resort-zoned and specific apartment-zoned areas. Many units are operated with hotel-like amenities including a front desk, activities-concierge services, and regular housekeeping service.  

Owners use short-term rentals to generate income, listing them on platforms like Airbnb or VRBO. Units can also be used as a residence or second home. Owners can self-manage a unit or hire a management company to rent and oversee the unit like a regular hotel room.

Our condotel loan programs

Our multiple loan packages with favorable rates and terms are designed to fit the needs of a wide range of borrowers. We have the expertise and strong market knowledge to successfully finance and close short-term rental loans.

Don’t gamble with inexperienced lenders that may be unable to provide financing midway through the escrow process, costing buyers, sellers and realtors valuable time and money.

Debt Service Coverage Ratio (DSCR) - Investment only 

  • Loan Program: DSCR – Loan size determined by appraiser’s assessment using short term rents, not long-term rents
  • Income Qualification: No personal income verification, pay stubs, W-2s or tax returns required 
  • Property Specs:
    • Partial kitchen is okay with an “attached” cooking device (i.e., built in cooktop). (A built-in microwave may suffice – on an exception basis only.)
    • Full size and mini fridges allowed  
    • No oven required 
    • Sink required  
    • Units smaller than 500 square feet are accepted 
  • Down payment: varies
  • Loan amounts: Up to $3 million
  • Terms: 30 year fixed. 5 year ARM. 7 year ARM.

bridge loan
investment only

  • Income Qualification: No rental or income requirements
  • Property Specs:
    • No kitchen requirements
    • No square footage requirements
  • Condo Litigation — Accepted on case-by-case basis
  • Leasehold eligible
  • Down payment: varies
  • Interest-only payments
  • Loan amounts: Up to $3 million
  • Terms: 1 to 3 years

portfolio condotel loan program A
Owner-occupied and investment

  • Income Qualification: Full-Doc Program - Personal income used to qualify for the loan. Cannot use rental income to qualify
  • Property Specs:
    • Full kitchen required
    • Full-size refrigerator required
    • Full-size oven required
    • Built-in cooktop required
    • Typically 500 sq. ft. or larger. No exceptions
  • Limited timeshare units allowed
  • Cannot be part of mandatory rental pool
  • Down payment: varies
  • Loan amounts: Up to $3 million
  • Terms: 30 year fixed. 5 year ARM. 7 year ARM.

portfolio condotel loan program B
investment only

  • Income Qualification: Full-Doc Program - Personal income used to qualify for the loan
  • Property Specs:
    • Partial kitchen required
    • Full-size refrigerator required
    • Built-in cooktop required
    • No oven required
    • Typically 500 sq. ft. or larger. Can go smaller on exception
  • Limited timeshare units allowed
  • Cannot be part of mandatory rental pool
  • Down payment: varies
  • Loan amounts: Up to $3 million
  • Terms: 5 year ARM. 7 year ARM. 

where we finance short-term rentals

We can provide financing for many condotels through the state of Hawaii. If you don’t see a condotel that you’re interested in, be sure to inquire with us as we may be able to secure financing with our flexible loan programs.


Ala Moana Hotel
Aloha Surf Waikiki
Beach Villas at Ko Olina
Hawaiian Monarch Hotel
Ilikai Hotel & Luxury Suites
Island Colony Hotel
The Ritz-Carlton Residences
Trump International Hotel
Waikiki Waikiki Marina Resort

 Aina Nalu
Kamaole Sands
Kaanapali Beach Resort
Kaanapali Ocean Inn
Kaanapali Shores
Kaanapali Villas
Maui Banyan
Maui Sunset
Kapalua Bay
Napili Shores
Wailea Beach Villas
The Resort at Papakea


Kiahuna Plantation Resort
Kauai Beach Resort and Spa
Kauai Resort Villas  
Koloa Landing Resort
Lae Nani Resort  
Plantation Hale Suites
The Cliffs at Princeville
Waipouli Beach Resort & Spa

Hawaii Island
Kanaloa at Kona
Kona Bali Kai
Kona by The Sea
Kona Reef Resort
Kona Resort and Spa
Hilo Hawaiian Hotel
Waikoloa Beach Resort

3 Reasons to Invest in a Condotel

earn monthly rental income

Receive passive income to cover property expenses while enjoying tax benefits, equity growth and increased net worth.


Deduct expenses associated with the operation of the property including maintenance and repairs, property insurance and taxes, management fees, depreciation, and mortgage interest. Consult with your own tax, legal and accounting advisors before engaging in any transaction.

enjoy popular resort destinations

Besides earning income, investors and their families can own and enjoy a property in sough-after vacation spots with numerous activities and attractions.

Properties We Recently Financed

Island Colony Waikiki - Oahu
Marina Tower Waikiki - Oahu       

Waikiki Banyan - Oahu

The Resort at Papakea – Maui

Waikoloa Beach Resort - Hawaii Island

Kona by The Sea - Hawaii Island

FREE No-Obligation Consultation

Whether you're considering your first condotel or are a seasoned real estate investor, we can help you purchase a new property or refinance an existing mortgage. Get pre-approved today.