Condo developers/conversion - Conventional loans from unit 1

[Upen Patel]

Are you a condo developer? Are you doing a condo conversion?

Condo financing is tough for buyers of new condos. Until you get your Fannie/Freddie, FHA approval, the only option your buyers have is a non-warrantable condo loan (which means more down, higher rate). OR you have to delay the closing until you get the approvals (which mean higher carry cost). Neither of which is a good option.

Now you have an option that as win-win-win. Work with me as your preferred lender and we can potentially offer your buyers conventional financing from the 1st unit you sell. No more waiting to get Fannie/Freddie, FHA approval. No more buyers having to purchase using non-warrantable condo loans.

I Lend in ALL 50 states!

Lets speak. You can see my real-time availability & book time with me: https://calendly.com/upatel

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Terms and conditions may vary. Subject to underwriting approval.

Member FDIC and Equal Housing Lender.