Condo Hotel Financing

Condo Hotels, like The Resort at Squaw Creek and the Village at Squaw Valley, are examples of the unique type of properties in our market that many lenders are unwilling to fund.  At the start of the economic down turn in 2008 financing for Condo Hotels completely dried up.  We have now seen a slight change; some lenders will now loan on condominiums in a Condo Hotel that have a four burner stove top and a full size refrigerator in the kitchen.  Currently there are no lenders that are issuing loans on the Resort at Squaw Creek.  There is one lender that has been willing to loan on the Village at Squaw Valley for the last several years and it appears that more lenders have now eliminated their restriction on funding Condo Hotels.  Here are the names of three Loan Brokers who can arrange Condo Hotel Financing on some properties classified as Condo Hotels;

Firts Republic Bank

Michael Zazzara                                                    Direct: 415-296-3761

Managing Director - Relationship Management

111 Pine Street, 7th Floor                                     Email: Mzazzara@firstrepublic.com

San Francisco, CA 94111

Princeton Capital

Rachel Lamoreux                                                  Cell: 775-745-2157

Email: rachellamoreux@princetoncap.com

CalCon Mutual                                                  Matt Glynn                                         Mat Dlugolenski

3131 Camino Del Rio North #1680                  (858) 429-4652                                  (858) 429-4638

San Diego, CA 92108                                          mglynn@calconmutual.com            mat@calconmutual.com

(I have not done business with this company, I am just providing the information for clients to research on their own.)

For information regarding these lenders, call me at 530-913-6020.