Currently under contract on a condo in Aurora, Colorado. The conventional loan is at risk of falling through due to the condo association review regarding the owner occupancy ratio. I should have researched this area more before choosing the conventional path, but now it's a lesson learned. I was just notified that things are looking good. I need to start switching gears to a portfolio lender. The numbers on the deal are solid and I already have a renter lined up and ready to sign a lease once I close.
The downpayment (25%) is already wired to the title company. Any suggestions of portfolio lenders I should reach out to that will take a transfered appraisal and turn the loan over quickly? This deal is pretty far down the road and I am trying to keep our timelines...as best I can :)
Please PM me if you think you can help. Thanks in advance!
