Loans for non-warrantable condo buyers?

[Steven Darrow]

I'm trying to find a lender that will offer conventional style loans on a non-warrantable condo, specifically in Florida. I've found a few lenders that will offer a portfolio product with 20% down payment, but only offering 7/1 or 10/1 ARM's. Has anyone else seen anything better? Ideally I was hoping to find something with 5% or 10% down. It seems lending restrictions on these condos haven't eased much since the recession.

[Steven Darrow]

We're actually the bulk owner in this case, so we own 75% of the units in the building as it was purchased as a fractured condo deal. We'd like to list the condos for sale, but would like to have a decent lending program in place for buyers