06/23/2026
🚨 THIS DEAL HAD ALMOST EVERY REASON TO BE DECLINED. WE CLOSED TWO OF THEM. 🚨
Two Condotel properties in Nevada.
Most lenders wouldn’t even make it past the initial review.
Why?
❌ Less than 650 sq. ft. of living space
❌ No full kitchen
❌ Non-warrantable project
❌ HOA delinquency rate over 38%
❌ Located in an area with restrictions on short-term rentals
❌ Multiple red flags that would cause most lenders to walk away
For many lenders, the conversation ends there.
But great loans aren’t always found in perfect properties.
Our borrower was a seasoned real estate investor with a proven track record, substantial experience, and a history of successfully managing investment properties. Rather than relying solely on property performance and rigid guidelines, we used common-sense underwriting and evaluated the complete picture.
We focused on the investor’s experience, financial strength, and ability to execute—not just a checklist of property challenges.
The result?
✅ 2 Condotel loans funded
✅ Investor achieved financing goals
✅ Deal closed despite multiple obstacles
✅ Another example of why experience matters
The best investors don’t always buy the easiest properties. The best lenders know how to look beyond the obvious challenges.
Not all digital lenders are the same. Not all brokers are the same.
When others see reasons to decline, we look for reasons to approve.
