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csmgcorp

619 Posts

Posted - 02/19/2008 :  3:37:24 PM
Anyone still do these?

We have a borrower with excellent credit putting 20% down on a Condotel here in Nevada. Full doc, the only issue is that they are all brand new. We spoke with several lenders that needed the property to be at least 2 years old.

Anyone doing these?

Thanks
csmgcorp

619 Posts

Posted - 02/19/2008 :  9:34:50 PM
No one?
kevin.tran

29 Posts

Posted - 02/19/2008 :  11:07:49 PM
try chase

did one with them about 6 months ago.
mudshark

3837 Posts

Posted - 02/20/2008 :  08:20:02 AM
With 75%+ presale it's possible. 650 foot min. with full kitchen. No conversions.
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