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North Lake Tahoe, Squaw Valley & Truckee Real Estate

Condo Hotel Financing Squaw Valley

Financing for Condo Hotels in Squaw, North Tahoe and Truckee is now available, but both buyers and Condo Hotel properties have to meet stricter qualifications than in the past.  Properties like the Resort at Squaw Creek, the Village at Squaw Valley, and the Squaw Valley Lodge 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 major change; some lenders will now loan on condominiums in Condo Hotels.  Some require that the condominiums have a four burner stove top and a full size refrigerator in the kitchen, others do not have that requirement.  Currently there are two lenders, RPM Mortgage and OneTrust Home Loans, that have said they will issue loans on the Resort at Squaw Creek condominiums, except Studio units.  EverBank, RPM Mortgage and OneTrust Home Loans are willing to loan on the Village at Squaw Valley and the Squaw Valley Lodge.

Here are the names of three Lenders who can arrange Condo Hotel Financing on most properties throughout the North Tahoe Truckee area that are classified as Condo Hotels.

EverBank

  • Matt Redman, Mortgage Loan Officer  NMLS# 653015
  • 619-318-5081
  • Mat.Redman@EverBank.com
  • www.EverBank.com

They have a minimum loan amount requirement of $200,000 and a minimum down payment requirement of 30%.

RPM Mortgage.

OneTrust Home Loans

  • Matt Dlugolenski, VP, National Sales & Support  NMLS # 172846 
  • Office:  (858) 429-4638 
  • Mobile: (860) 459-8874
  • mdlugolenski@onetrusthomeloans.com 
  • https://onetrusthomeloans.com/lo/mdlugolenski 

They have a minimum loan amount requirement of $100,000 and a minimum down payment requirement of 25%.

I personally have clients that have done business with these companies with pleasing results.  I also have associates that have clients that have used these lenders with pleasing results.  I am providing the information for clients to research on their own. I suggest that you talk with these lenders before making a decision.

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

 

 

 

 

 

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