Financing non-warrantable condo in New Jersey

[Tomasz Banas]

I just got one condo under contract (buy & hold). After receiving the condo questionnaire I found this condo is a non-warrantable. Everything looks fine except delinquencies. It's a complex with 110 units that was self-managed (read mismanaged) for years. Over 50% of owners didn't pay their HOA dues. 3 years ago a property management company took over. In those 3 years they got the delinquencies down to 20.9%. However, it's still more than max allowable 15% to make it warrantable. Could you recommend someone in New Jersey that could finance a non-warrantable condo? Thank you in advance!