The Florida Condo Collapse Has Changed the Lending Landscape (NY)

/ Owner - December 9, 2022

When a lender provides financing for an apartment purchase or refinance, it is not only vetting the borrower’s financial viability, it’s also reviewing the co-op’s corporate structure, its financials and the physical condition of the building. The lender also asks for insurance information, occupancy makeup, and how many sponsor-own units and rented units there are.  Watch the video report………………………..

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