jessiesc
03-11-2008, 08:13 AM
I believe (please correct me if I'm wrong) recently, Fannie Mae changed their classification for condos.
Condo projects that have on-site rental programs are now classified as condotels and are very difficult to obtain financing.
Do any of the mortgage experts here have sources for funding these units?
Of so, please let me know either here or privately.
Thanks in advance.
Condo projects that have on-site rental programs are now classified as condotels and are very difficult to obtain financing.
Do any of the mortgage experts here have sources for funding these units?
Of so, please let me know either here or privately.
Thanks in advance.