FAQs

Yes, most of our loans follow a step-down 3/2/1 prepayment penalty format. This means that there will be 3% penalty fee on the original balance of the loan if you pay off your mortgage in the first year, 2% penalty fee on the original balance if you pay it off in the second year, and 1% penalty fee on the original balance if you pay it off in the third year. After the third year, there is no prepayment penalty.

We finance condotels on a case by case basis. Please reach out to us with a specific property and we can confirm whether or not we can proceed.

We are currently licensed in Florida and Texas and we are in the process of expanding to several additional states.