Property type
Condo loans, matched to your deal
A condo loan, on this platform, is business-purpose financing for condominium units held as rentals or as unsold developer inventory, never a loan on a home to live in. Investor condo units are usually financed on rental cash flow, and a block of unsold units is financed as inventory with a release price per sale. In both cases lenders underwrite the association as closely as the unit, and they differ sharply on what an acceptable association looks like, which is why a condo file belongs in front of several programs at once.
- 5,000+loan programs screened
- 5–8matches on a typical deal
- $0 upfrontto submit and compare offers
- 0.50–1.00%broker fee, paid only at closing
Who is a condo loan actually for?
Investors buying or refinancing one or more condo units that are rented out, owners of a portfolio of units scattered across several buildings, and developers who have finished a project and want to carry the unsold units rather than discount them. If the unit is the borrower's own residence the loan is consumer lending and is not what this page describes.
What do condo lenders disagree about?
The association. Programs take different views on how much of a building can be investor-owned before the project is unacceptable, how large a pending assessment or litigation must be before it stops a loan, what the reserve study needs to show, and whether short-term rental restrictions help or hurt. For inventory loans they also differ on the release price per unit and how fast sales must come. Two lenders reading the same association documents can land in very different places on all of it.
What should be ready before a condo file goes out?
The unit rent roll or leases, the association budget and reserve study, the current owner-occupancy and investor mix if available, any pending assessments or litigation, and for inventory loans the sales history and pricing of the remaining units. Files that arrive with the association questionnaire already answered get taken seriously faster, because that document is the first thing a condo desk requests.
How does getting matched actually work?
You describe the deal once — about five minutes — and it is screened against 5,000+ loan programs. Most deals return 5–8 matches, and the median first offer arrives in under an hour. There is $0 upfront; the fee is 0.50–1.00%, paid only at closing.
YieldStack is a commercial mortgage brokerage, not a lender. The rate, the leverage and the credit decision belong to the lenders competing for your deal; our job is making sure the right ones see it at the same time, so the terms you compare are real competition rather than one desk’s appetite.
What do lenders actually look at?
Every program weighs these in its own way — which is the argument for several quoting at once.
- The association's finances, reserves and any pending assessments or litigation
- The investor-to-owner mix in the building and whether rentals are permitted
- Whether the rental income covers the debt on each unit
- For inventory loans, the pace of sales and the release price per unit
- The borrower's experience owning and operating rental condos
Frequently Asked Questions
Can I finance a condo I rent out on rental cash flow alone?
Often, yes. Rental-income programs treat a leased condo like any other rental unit, provided the association passes their review and the rental is permitted by the building's rules.
What is a condo inventory loan?
A loan to a developer against the finished, unsold units in a project, repaid as each unit sells at an agreed release price. It lets the developer stop paying down a construction loan under pressure.
Does the association matter if my unit is fine?
Yes. The unit's value depends on the building, and lenders read the association's budget, reserves, litigation and rental rules as part of the collateral. A troubled association can stop a loan on a perfect unit.
Can I finance several condos under one loan?
Yes, as a portfolio loan with one note across multiple units, sometimes in multiple buildings. Lenders will review each association, so the file grows with the count.
Do short-term rental restrictions affect financing?
They can. Some programs prefer buildings that restrict short-term rentals because the income is steadier; others will finance a short-term rental condo on its own operating history. It is a program rule.
Is this a loan for a condo I want to live in?
No. Everything here is business-purpose financing for units held as investments or inventory. A loan on your own home is consumer lending and is handled elsewhere.
Is YieldStack a lender?
No. YieldStack is a commercial mortgage brokerage, not a lender. Every term sheet comes from a lender in the network and is subject to that lender's underwriting.
Does it cost anything to see terms?
No. It costs $0 upfront to submit a deal and review offers; YieldStack's broker fee is 0.50–1.00% of the loan amount and is paid only at closing.
Is financing guaranteed?
No. Every credit decision is made by the lender; YieldStack arranges the introductions and negotiates on the borrower's side, and no loan, rate, or closing is guaranteed.
Next step
One deal.Several lenders.
YieldStack is a commercial mortgage brokerage, not a lender.