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Financing Question for 2nd home/investment property

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MuddyGrimes
Valued Member

Financing Question for 2nd home/investment property

I am considering purchasing a condo unit that is a part of a hotel. 

I have a few questions that hopefully some experts can chime in.

 

Who does this type of lending?  I realize it will require 20% down but what kind of terms and going rates.

 

This will have some sort of rental pool income will that be used in the mortgage process?

 

What about homeowners insurance?  Its part of a hotel how does that work

 

Anyone own something similar and want to share some info?

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