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condotel financing experts!

Purchase or refinance a condotel unit at competitive rates

If you’re considering a condominium hotel 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.

Myers Capital Hawaii has the expertise and access to a wide range of lenders that can help you purchase a condotel unit or refinance an existing loan. We work with local lenders that understand how to finance condotels, have loan packages designed for these projects, and offer better interest rates and terms than mainland lenders. In fact, many mainland lenders may be unable to provide financing midway during the escrow process, even though they initially approved the loan.  

What is a condotel? 

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

Owners use condotel units as a residence, second home or vacation rental. Owners can self-manage a unit or hire a management company to rent the unit like a regular hotel room.

Our condotel loan programs

There are numerous condotel projects throughout Hawaii that are a good choice for borrowers looking for an investment property or second residence. Like loans for second homes, condotels loans have higher rates and down payment requirements than regular mortgages. Our programs have competitive rates and flexible terms that can fit your overall real estate goals.

- Purchase - Owner-occupant, Second Home or Investor Financing

- Refinance - Lower Your Monthly Payment. Tap into Equity and Take Out Cash. Change Loan Term.

- Debt Service Coverage Ratio (DSCR) Loans: Qualify based on the property's cash flow with short-term rents versus long-term rents. No income requirements or employment verification.

- Competitive Interest Rates and Flexible Terms

- Fixed and Adjustable-rate Mortgage

- Hotel Pool and Short-Term Rentals (30 days or less) Allowed

- No Owner-Occupancy, Full Kitchen or Parking Requirements



  Condotel Property Financing 

We can provide financing for many condotels through the state of Hawaii, with a focus on Oahu and Maui. 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 through our wide lender network.


Ala Moana Hotel
Aloha Surf Waikiki Hotel
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 Nalua
Kamaole Sands
Kaanapali Ocean Inn
Kaanapali Shores
Kaanapali Villas
Maui Banyan
Maui Sunset
Montage Kapalua Bay Ocean Dreams
Napili Shores Maui
Wailea Beach Villas 


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.