As a leading mortgage broker in financing non-warrantable condos, we are constantly looking for ways to finance non-warrantable condos. Below are clarifications from our lenders concerning a single entity owning more than one condo unit in the same condo complex.

A single Entity, investor group, partnership or Corporation CANNOT exceed the following:

  • 2-4 units: One unit
  • 5-20 units: Two units
  • 21 or more units: 25%

The following are excluded from the Single Investor calculation:

  • Vacant units being actively marketed by the Developer
  • Affordable housing units owned by a Non-profit or controls
  • Units held in affordable housing programs
  • Units retained for workforce housing by Colleges

If you are looking to get some questions answered on financing non-warrantable condos, contact our office and speak to one of our loan consultants who can help with financing your project.

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