Non-Warrantable Condos / Condos In Litigation
All Litigation OK! Low O/O Ratio OK!
High HOA Default Ratio OK!
More than 10% owned by one entity OK!
*Unless owned by the original builder or developer
*Borrower cannot own more than 10%
** NOO 75% LTV Financing Available
*Project must be larger than 10 units (Case by CaseExceptions)
*No short-term rentals
*The builder or developer may not own more than 10% of project
*417K Max Loan Amount for NOO Properties (occassional exceptions allowed)
*625K Max Loan Amount for OO and 2nd home only in qualified counties (2nd Home 65% MAX LTV)
*Ask about delayed financing
*Unit must have minimum of 600 square feet and 1 bedroom (no lofts)
*No more than 20% occupying space can be commercial use i.e. retail,etc
Conducts business in: CA (Loans made or arranged pursuant CA Bureau of Real Estate - Real Estate Broker - BRE#01900549 NMLS: 457035)
Address: 1432 EDINGER STE 200 Tustin, California 92780
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