South Florida & National Condo Specialty Desk
Non-Warrantable Condo DSCR Up to 70%-75% LTV.
Banks and standard agencies reject South Florida condos over reserve schedules, investor concentration, and HOA questionnaires. We fund single non-warrantable units and multi-unit condo portfolios up to 70%-75% LTV across Miami-Dade, Broward, Palm Beach, and nationwide with zero personal tax returns.
Up to 70%-75%
Non-Warrantable Max LTV
1 to 20+ Units
Single Units & Condo Portfolios
0.75x / No-Ratio
High-HOA Coverage Relief
Zero
Personal Tax Returns
Built for Real Florida Associations
Why condo files fail elsewhere and clear here.
Over 50% Rentals or Owning Multiple Units in One Building
Conventional lenders kill files the moment an association exceeds rental concentration caps or a single investor owns more than 10% to 20% of the units. We actively fund investor-heavy towers and multi-unit condo portfolios inside the same association.
Buildings Flagged by Agency Condo Questionnaires
Post-SIRS reserve schedules, budget line items under 10% replacement reserves, and milestone inspection assessments render thousands of Brickell, Edgewater, Sunny Isles, Fort Lauderdale, and Boca Raton buildings non-warrantable at banks. We underwrite common-sense limited and full HOA reviews that get deals closed.
Up to 70%-75% LTV Even When HOA Dues Squeeze Coverage
Most lenders either ban non-warrantable condos or slash leverage to 50%-55% LTV. We push up to 70% LTV and select 75% LTV structures, pairing sub-1.0x and no-ratio DSCR options when coastal HOA and master insurance budgets weigh on monthly PITIA.
Non-Warrantable Condo Lending FAQs
How high of an LTV can I get on a non-warrantable condo in South Florida?+
While most lenders cap non-warrantable condos at 55% to 65% LTV (or refuse Florida condos altogether), Adler Capital structures non-warrantable condo DSCR purchases and refinances at 70% LTV and up to 75% LTV on qualifying files.
Do you finance portfolios of multiple non-warrantable condos at once?+
Yes. Portfolio non-warrantable condo financing is one of our core specialties, whether you hold 3 to 20+ units across one association or spread across Miami-Dade, Broward, and Palm Beach counties.
What if high monthly HOA dues push my condo DSCR below 1.00x?+
High South Florida HOA dues and master windstorm policies frequently push condo ratios into the 0.75x to 0.99x band. We combine our non-warrantable condo desk with sub-1.0x and no-ratio DSCR underwriting so HOA dues do not kill your leverage.
Are licensed Airbnb / short-term rental condos and condotels eligible?+
Yes. Condos permitted for short-term rentals in Miami Beach, Brickell, Wynwood, Hollywood Beach, and Fort Lauderdale can qualify using trailing 12-month STR income, AirDNA projections, or market rent.