building at 1801 Adam C Powell Boulevard

To all the blogger/buyers out there: Just for the record, this building wasn't approved for financing for many months because many major banks stopped financing HDFC buildings unless they were established for 3 or more years. Thanks to Fanny & Freddy & Lehman in 9/2008. Citibank finally approved financing in this building AFTER 4 units had already sold. All building have to update their records with the banks as it runs out every 6 months if there's no sales activity. The Co-op Board wouldn't allow 20% down so it's not the broker's fault. This Board is tough and sticks to their HPD income cap guidelines as they rightfully should. Every CASH buyer was prequalified and well within income guidelines.