It used to be that New Condominium financing could only be done through the builder’s lender
Not anymore! Now you have choices. Because you have more choices, your buyer can get better terms and interest rates for their new loan.
We can close loans in complexes that still have phases under construction and have not turned over the homeowners association to the residences.
Ø Project is not fully completed, such as proposed construction, or incomplete conversion of an existing building to a condo
Ø Fewer than 90% of the total units in the project have been conveyed to the unit purchasers
Ø Complexes with new construction in new phases
Ø Property is subject to additional phasing or annexation
Ø Property is newly converted
Ø Control of the homeowners association has not been turned over
For complete information and answers to your questions, please call:
Max Nasab
Mortgage Consultant
206-719-2694
NMLS ID# 112686
A flyer with this information is available at: http://realestatebrokerconnection.com/sales-materials/
All loans must qualify through lender underwriting and are subject to interest rates available at the time of application. Approval is subject to acceptable appraisal, title, homeowner’s insurance, verification of assets and a minimum FICO score of 640.
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