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Commercial Mortgage in Brooklyn

Started by mirkar
about 15 years ago
Posts: 2
Member since: Oct 2010
Discussion about
There is a house on my street in Brooklyn that has 6 vacant rent stabilized units. I would like to purchase the building and turn them into condos. Who should I talk to about getting financing for such a project? How would it work? Is the mortgage supported by the under market rents that are legally allowed or will a lender finance the project for the condo value of the apartments?
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