Save Your Deal With Our Non-Warrantable Condo Program – MortgageDepot

At MortgageDepot, we perceive that securing financing for non-warrantable condos generally is a difficult course of. Conventional lenders usually shrink back from these properties on account of their distinctive traits and potential dangers. Nonetheless, our Non-Warrantable Condominium program is designed that can assist you navigate these challenges and save your deal. Listed here are a number of the key highlights of our program:

100% Investor Focus? No Downside!

Not like conventional financing choices, our program permits for 100% investor focus. Because of this even when all of the models within the condominium undertaking are owned by buyers, we will nonetheless present the financing you want.

Pending Litigation? We’ve Received You Lined!

Pending litigation generally is a main roadblock for conventional lenders, however not for us. So long as the litigation will not be structurally associated, we will nonetheless transfer ahead together with your financing.

Single Entity Possession? No Worries!

Our program accommodates tasks the place as much as 30% of the models are owned by a single entity. This flexibility ensures that you just received’t miss out on alternatives on account of possession focus.

Excessive Grasp Coverage Deductibles? That’s OK!

We perceive that some condominium tasks have excessive grasp coverage deductibles. Our program accepts deductibles as much as 10%, offering you with extra choices and peace of thoughts.

Business Area? Deliver It On!

Many condominium tasks embrace industrial areas, which generally is a deal-breaker for conventional lenders. Our program permits for as much as 50% industrial area, making it simpler so that you can safe financing.

No Funds Required? Completely!

One of the vital benefits of our Non-Warrantable Condominium program is that no price range is required. This eliminates a standard hurdle and simplifies the financing course of.

At MortgageDepot, we’re dedicated to offering versatile and progressive financing options to fulfill your distinctive wants. Our Non-Warrantable Condominium program is only one instance of how we go above and past that can assist you save your deal. Contact us at present to study extra about how we will help you together with your non-warrantable condominium financing wants.