CONDOMINIUM CONVERSION FINANCING
SPECIAL PROGRAM

We can help with your Condo Conversions
(Loan Amounts: $2M to $10M)

80% Loan to Cost (Purchase and Acquisition)
75% of As Completed or Bulk Project Value

Mezzanine financing for up to 90% of cost
Debt Service Ratio: .75 and above

Taxes and Insurance Escrows Required
1031 Exchange for Acquisitions

No prepayment or exit fees unless property is refinanced
(Prepayment is 1% per year if refinanced early)
Maximum Term: 24 months

Payment Interest Only
Principal Repayment From Condo Unit Net Sales

No Seller Carry 2^nd Mortgages Allowed

(Special Programs Available for Luxury and Resort Condominium Projects)
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