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CONDOTEL & NON-WARRANTABLE CONDO RANKINGS
Top 10 Condotel & Non-Warrantable Condo DSCR Lenders (Resort & High-Investor Concentration)
Bottom-Line Underwriting Answer (BLUF)
Conventional lenders automatically reject condominium projects with >50% investor concentration, short-term rental front desks (condotels), commercial space >35%, or single-entity ownership >10%. These 10 Non-QM and DSCR lenders explicitly fund non-warrantable condos and resort condotels up to 75% LTV.
Methodology & Redaction Notice: Filtered from 267 deep program matrices for explicit Condotel and Non-Warrantable Condo approval flags. Wholesale conduit names are anonymized on direct origination portals; submit your scenario below to lock the #1 matching shelf.
| Rank | Wholesale Capital Shelf | Max Purchase LTV | Max Cash-Out LTV | Min DSCR | STR / AirDNA | Active States | Action |
|---|---|---|---|---|---|---|---|
| #1 | Institutional Capital Shelf #1 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Frisco, TX | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 45 States | Match Shelf → |
| #2 | Institutional Capital Shelf #2 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Atlanta, GA | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 22 States | Match Shelf → |
| #3 | Institutional Capital Shelf #3 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Calabasas Hills, CA | 80 | 75% | No-Ratio (0.00x / <1.00x) | LTR & Mid-Term | 4 States | Match Shelf → |
| #4 | Institutional Capital Shelf #4 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · San Diego, CA | 90 | 75% | 1.00x | LTR & Mid-Term | 51 States | Match Shelf → |
| #5 | Institutional Capital Shelf #5 (RTL Conduit) RTL / Bridge, Construction & DSCR Private Lender · Hollywood, SC | 80 | 75% | 1.00x | Allowed (AirDNA / T-12) | 51 States | Match Shelf → |
| #6 | Institutional Capital Shelf #6 (Bank Conduit) Bank / Credit Union / Depository · Kansas City, MO | 80% | 75% | 1.00x | LTR & Mid-Term | 51 States | Match Shelf → |
| #7 | Institutional Capital Shelf #7 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Los Angeles, CA | 99 | 75% | No-Ratio (0.00x / <1.00x) | LTR & Mid-Term | 6 States | Match Shelf → |
| #8 | Institutional Capital Shelf #8 (RTL Conduit) RTL / Bridge, Construction & DSCR Private Lender · Miami, FL | 65 | 75% | 1.00x | Allowed (AirDNA / T-12) | 5 States | Match Shelf → |
| #9 | Institutional Capital Shelf #9 (RTL Conduit) RTL / Bridge, Construction & DSCR Private Lender · New Orleans, LA | 80% | 75% | 1.00x | LTR & Mid-Term | 1 States | Match Shelf → |
| #10 | Institutional Capital Shelf #10 (Non-QM Conduit) Non-QM & DSCR Wholesale / Investor Lender · Chandler, AZ | 80% | 75% | No-Ratio (0.00x / <1.00x) | Allowed (AirDNA / T-12) | 45 States | Match Shelf → |
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