Conventional lenders automatically reject condominium projects with >50% investor concentration, short-term rental front desks (condotels), commercial space >35%, or single-entity ownership >10%. These 10 Non-QM and DSCR lenders explicitly fund non-warrantable condos and resort condotels up to 75% LTV.
| Rank | Wholesale Shelf / Lender | Max Purchase LTV | Max Cash-Out LTV | Min DSCR / FICO |
|---|---|---|---|---|
| #1 | Institutional Capital Shelf #1 (Non-QM Conduit) | 80% | 75% | No-Ratio (0.00x / <1.00x) · 620 FICO |
| #2 | Institutional Capital Shelf #2 (Non-QM Conduit) | 80% | 75% | No-Ratio (0.00x / <1.00x) · 680 FICO |
| #3 | Institutional Capital Shelf #3 (Non-QM Conduit) | 80 | 75% | No-Ratio (0.00x / <1.00x) · 620 FICO |
| #4 | Institutional Capital Shelf #4 (Non-QM Conduit) | 90 | 75% | 1.00x · 660 FICO |
| #5 | Institutional Capital Shelf #5 (RTL Conduit) | 80 | 75% | 1.00x · 620 FICO |
| #6 | Institutional Capital Shelf #6 (Bank Conduit) | 80% | 75% | 1.00x · 620 FICO |
| #7 | Institutional Capital Shelf #7 (Non-QM Conduit) | 99 | 75% | No-Ratio (0.00x / <1.00x) · 432 FICO |
| #8 | Institutional Capital Shelf #8 (RTL Conduit) | 65 | 75% | 1.00x · 550 FICO |
| #9 | Institutional Capital Shelf #9 (RTL Conduit) | 80% | 75% | 1.00x · 660+ FICO |
| #10 | Institutional Capital Shelf #10 (Non-QM Conduit) | 80% | 75% | No-Ratio (0.00x / <1.00x) · 640 FICO |
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