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Profile picture for thomas r margle

Lending for Non-Standard Building

Hi - I'm looking for a lendor for a non-standand lending guideline building on the Upper West Side (under 50% owner/occupy, rent controlled tennants in building). Looking to see what options are available, have been pre-approved for standard mortgages. Thanks
  • November 12 2013 - Upper West Side
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Answers (5)

Profile picture for StongateMortgage
It looks like you need an exception or waiver to get financing on a Non Warrantable Condo.  I have helped many customers in NY with our Portfolio loans.  Please contact me via my profile on this site to discuss.
  • November 14 2013
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There might be portfolio lender options out there but this can usually require a down payment of 30%-40%. If you think this can work for you then you should seek out lenders like myself. Well I hope this helps, if you have any other questions or need a loan please contact me through the information on my profile page. I hope this helps and good luck!
  • November 12 2013
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You will probably need portfolio lender and put 30% down. Try Ridgewood Savings or contact a mortgage broker.
  • November 12 2013
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Profile picture for thomas r margle
This is a condo, co-purchasing for primary residence
  • November 12 2013
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What type of property? Are you trying to purchase alone or within an LLC?
  • November 12 2013
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