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Mortgage On Condo under 51% sold.

Started by MattW84
about 13 years ago
Posts: 43
Member since: Oct 2007
Discussion about
I am looking at an investment Condo where the sponsor still owns 25 of 46 Apartments. Does anyone have recommendations of banks or mortgage brokers that maybe inclined to lend against this?
Response by iluvappa
about 13 years ago
Posts: 49
Member since: Apr 2012

may I ask which condo is this?

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Response by MattW84
about 13 years ago
Posts: 43
Member since: Oct 2007

I would prefer not to share until I have an accepted offer.

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Response by streetsmart
about 13 years ago
Posts: 883
Member since: Apr 2009

It's possible I could do the loan, but I would need to have more info, I.e. where is the condo, what is your FICO score, etc.

Ellen Silverman
E.S. Funding Co.
Licensed Mortgage Broker since 1990
Licensed Real Estate Broker since 1987
esfundingco@aol.com
www.esfunding.instantlender.com
NMLS#60631

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Response by MattW84
about 13 years ago
Posts: 43
Member since: Oct 2007

Apt is in Manhattan. FICO score is 800. 35% down on $550 000 purchase price. investment property that will be rented out. What additional info would you like to know?

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Response by streetsmart
about 13 years ago
Posts: 883
Member since: Apr 2009

I should be able to do this. I assume you have verifiable income.

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Response by sammy300
about 13 years ago
Posts: 208
Member since: Mar 2012

Try Apple Bank & Hudson City Savings

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