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End-user Loans for Condo Hotels

Question

Can you tell me what the real estate term "end loans to buyers" means as relates to condo hotels?

Joel's Response


End buyers are the people who buy a condo hotel unit from a developer. The loan that the condo hotel buyer gets from a lender to finance the purchase is called the "end loan."


This differs, obviously, from the construction loan that the developer secures from the bank to construct the condo hotel.



Question

How do I find lenders who offer loans on condo hotels?

Joel's Response


Condo Hotel Center has established relationships with several very reputable lenders, and we'd be glad to pass their name along to you. Read more about Condo Hotel Financing here.



The above questions were submitted via e-mail by a visitor to www.CondoHotelCenter.com. The answer was prepared by Joel Greene, a licensed real estate broker with Condo Hotel Center, which specializes in the sale of condo hotel units and fractional ownerships in private residence clubs.

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