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Updated almost 10 years ago,

Kevin Barrett's profile image
Kevin Barrett's profile image
Kevin Barrett
  • Involved In Real Estate
  • from Wilmington, Massachusetts
  • Member since Mar 23, 2013
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User Stats

84
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4
Votes
Kevin Barrett's profile image
Kevin Barrett's profile image
Kevin Barrett
  • Involved In Real Estate
  • from Wilmington, Massachusetts
  • Member since Mar 23, 2013
Connect
Kevin Barrett
  • Involved In Real Estate
  • Wilmington, MA
4
Votes |
84
Posts
Private Lending & Conventional Mortgage Advice

Portfolio Loan / 20% Req'd?

Kevin Barrett
  • Involved In Real Estate
  • Wilmington, MA
Posted

Is it true if a condo complex is primarily owned by one person that a portfolio loan is required? Listing agent said that the complex is 40%+ owned by the commercial unit on the first floor. Does this mean my buyer is required to use a portfolio loan to purchase a condo unit?

I may be missing an important piece of information here.

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