Condominium Project Lending

Condominium Project Lending

As of December 2009, FHA, Fannie Mae and Freddie Mac yet again revised its funding requirements for condominium properties. While these funding requirements are directed at the condominium purchaser and may not directly impact the association, indirectly, these revised guidelines place new burdens on condominium sales and the ability of purchasers to obtain funding. Consequently these requirements potentially impact the marketability of every condominium community and cannot be…Read more

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