Condo under transitional litigation - Financing? Jersey City

[Sandro Hagenbuch]

Dear BP community,

I am looking into buying a Condo in Downtown Jersey City and am currently searching for mortgage rates. The challenge hereby is that the Condo (as is apparently very common in Jersey City) is subject to a Transitional Litigation. 

Now, I had received quote from lenders before I knew about the litigation (4.25%) and from a different lender of 4.75%, each for 30y fixed. 

Does anyone know lenders who do lend to such Condos? Is there any general tip for such a condo? (we calculated the worst scenario in terms of costs that could get to us since we have all documents that list the damage). Since it is a complex with over 450 units the potential cost (in case of a total loss) would be small.

Thanks already for your help!

Sandro

[Edward Verdel]

Sandro, are you looking to move into the condo or is this for investment? If you're going to occupy the condo then I have a couple of lenders that can help you.