Rodrigo Ballon
Financing Your Condotel Property, Done Right
Your Local Partner for Condotel Loans
A condotel, short for “condominium hotel,” combines the benefits of private ownership with the convenience of hotel-style living. Each unit is individually owned but professionally managed, offering services such as housekeeping, concierge support, and a staffed front desk. Owners can enjoy their property as a personal getaway while also renting it out to generate income, making it both a lifestyle choice and an investment opportunity. Because condotels are considered non-standard properties, financing can be more complex than a traditional mortgage. Many lenders impose strict requirements or limit programs, but with the right advisor, the process becomes much smoother. I help connect you with lenders who understand condotels and ensure your loan is structured to support your long-term financial goals.
Local Expertise
Personalized Guidance
Trusted Support
Fast, Clear Process
A Vacation Home That Pays You Back
Condotel owners typically hold a standard mortgage and use their property several weeks a year as a vacation spot or second residence. When it’s not in use, owners can rent their unit. Since condotels are designed to be rented, they’re often located in tourist spots.
Owning a condotel has similar benefits to other types of homeownership, with the added benefit that condotels are designed to be rented out much of the year. With hotel-style amenities and onsite staff, the process of renting and maintaining the condotel is relatively effortless for the owner.
The Right Advisor Makes All the Difference
Because condotels are considered non-standard properties, many traditional lenders won’t finance them, and they often fall outside Fannie Mae or Freddie Mac requirements. This can make buyers think securing a loan is difficult, but several niche lenders still provide financing for qualified borrowers. The key is working with an experienced mortgage advisor who can match your application to the right lenders, streamline the process, and secure favorable terms. With expert guidance, financing a condotel becomes far more accessible and tailored to your financial goals.
Park City’s Premier Mortgage Broker
With over 20 years of experience, Rodrigo Ballon is a certified mortgage lender dedicated to helping Park City residents, second-home buyers, and investors achieve their homeownership goals. Backed by CrossCountry Mortgage, one of the nation’s largest and most trusted lenders, our team provides competitive rates and a full range of products — from FHA, VA, and USDA loans to refinancing, jumbo mortgages, and more. We pride ourselves on quick approvals, clear communication, and personalized guidance at every step, from pre-approval through closing. Whether you’re purchasing your first home or expanding your portfolio, we’re your local partner for mortgages of every size.