Non-Warrantable Condo & Condotel Loans: Financing Condos Banks Reject
Non-warrantable condo loans finance condominium units that conventional lenders won’t touch — condotels, high investor-concentration buildings, projects in litigation, or developments with heavy short-term rental. Because Fannie Mae and Freddie Mac decline these projects, financing comes from private, portfolio, and non-QM lenders that underwrite the unit and the borrower rather than the agency project checklist. […]
