FINANCING AVAILABLE FOR PROJECTS WITH:
- Inadequate Master Insurance
- SB-326 Required Repairs
- Special Assessments
- Pending HOA Litigation incl. SB-800
- Leased Land / Pooled Insurance
- Condo-tels & Hotel Residences
AVAILABLE PROGRAMS:
- Fixed Rate & Arms to $2MIL
- Primary, 2nd Home & Investment
- 2-1 Buydowns & Interest Only
Underwriting Highlights:
- 20% down minimum with 3-6 months PITI reserves required
- Debt ratios to 50%
- No prepayment penalties for owner occupied borrowers
- Impounds required
- Close in 30 days or less
- Limited HOA doc review
$300,000,000+ In Funded Non-Warrantable Condo Loans
This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Loans are subject to credit and property approval. Other limitations apply. Rates, terms and availability of programs are subject to change without notice.
