building at 215 East 80th Street

I am still interested in this condo. Please let me know why many sponsored rooms are available now. Does it means something happens on the finance in this building?

I am sorry I cannot any information of this building. I hope I get any information.

I am finding it hard to get regular in this building. They are recoomending a portfolio loan instead of a traditional, anyone know why?

Hi GAA. A portfolio loan is a loan that is not sold in the secondary market to Fannie Mae & Freddie Mac. This building is currently going through the process of receiving a PERS Approval in order to accept traditional loans. Until the building is approved, no traditional loans can be written in the building. Fannie Mae and Freddie Mac have released new guidelines this year for non-gut rehabilitation condo projects so this may become a trend around the city. Hence why they are recommending portfolio loans.

Hi - any updates on this building? Are regular loans available?

Also, why have there been high monthly assessments for the past several years?

The assessment was finished in March, 2018.