banks that would provide mortgage for condo purchase in small live/work building

Nope. Ask the building who has lent to them in the past. I'm guessing most wouldn't want the exposure because of the low amount of units. You can't imagine what I'm hearing regarding clients getting turned down for mortgages...

Nope. Ask them if anyone has lent to the building in the past. Doubt anyone will take the risk with so few units.

Nope. Ask them if anyone has lent to the building in the past. Doubt anyone will take the risk with so few units.

Stupid web site....stop telling me it didn't go through and then make me look dumb.

Yuck. I would talk to Guardhill, but my guess is the only way that gets done is as a favor to a private wealth client, i.e., you move all your assets to BNY/Mellon and then they do it for you.

ali r.
{downtown broker}

hmm...so all those boutique condos can only be purchased by all cash buyers? I thought the credit market had eased slightly.

positivecarry, What ARE you hearing?

Do you know how many units are sold?

From OP, "established live/work building." It was converted in the mid-eighties, so ALL units are sold, and have been for 20+ years. As a result, owners of most of the units have paid off their mortgages. Seems like a good risk for banks to me, if they're actually willing to do the analysis, rather than apply rules by rote.

I might be able to help you with this loan at 50 LTV. Please email me more details about the building and your contact information. My email is stalebli@Lyonsonline.com.