Condotel loans are a great option for those looking to invest in vacation properties. Here are some things to consider when applying for a condotel loan: 1. Understand the group booking and occupancy restrictions that accompany this type of loan. 2. Research the condotel market and make sure you understand potential returns on investment. 3. Consider all of your financing options and determine which one provides you with the best terms and interest rate for your particular situation. 4. Make sure you understand how taxes, insurance premiums and other additional costs fit into the overall cost of investment.