Looking for information on financing for condo tel in Florida

[William Doyle]

So I’ve seen more than a couple inexpensive properties that are condo tels that also allow short term rentals. I’ve found one that I’m really interested in that fits the bill. The numbers all check out so I’d be interested in taking the chance since the prices are so low. The only issue would be financing. I’ve figured out most lenders will not deal in them. So I’m curious if anyone knows a reputable lender that does. It would be of great help if someone does know. 
-Thank you !!

[Karl McGarvey]

Find a local Realtor who has sold in that complex. Then find out what lenders they are using. These lenders are usually local and lend on the same complex over and over because the amount who will is so limited. We deal with the same in Galveston, and I have the same 2-3 lenders I always bring my clients back to because we are able to close with no issues. IF the lender has not closed on that complex before, find a new lender.