4 condos - Warrantable/Non-Warrantable?

[Daniel Johnson]

Any mortgage lenders with expertise in condo mortgages? I have a property that is a single building, 4-unit condo association. We are finishing rehabs, and are looking to get the building refinanced into a permanent loan. We hold title in an LLC, and have had the question of whether the property will be considered Warrantable or Non-Warrantable. According to Fannie Mae, in a 2-4 unit condo association, there is an exemption from the Project Review process as well as no limitation on the number of units any one owner may control. However, according to Freddie Mac's guidelines, it would still qualify for an exemption from the project review, but would be subject to an ownership % restriction.

Any lenders have an insight into this, or have previously closed loans in similar situations? We have no tenants in place yet, but are nearly appraisal ready. Looking to BRRRR the property with a 75% LTV cash-out loan. Thoughts or suggestions??