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Buildings that are 51% sold?

Started by RealEstater
about 16 years ago
Posts: 1
Member since: Jan 2010
Discussion about
Anyone know which new developments are at or around 51% sold? I hear that it's easier to find financing if a building is around that threshold. (Have a great story about my friend trying to sell her pre-war condo but the buyer couldn't find financing thanks to being less than 51% owner occupied--yikes! Ended up going to an all-cash buyer instead. But what a headache until then.)
Response by ItzJimmy
about 16 years ago
Posts: 21
Member since: Jul 2009

Depending on where your looking some buildings have a approved lender that will give you financing without 51%

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