I am looking at a unit at Waterscape. Is there financing available for a condotel other than arms?

Gary
Home Buyer
McDonough, GA

I have talked to one bank so for and they are pushing a 3/1 and 5/1. rates seem a little high to me and since we are at historical lows, it seems that they only way for rates to go are up.

Answers (1)
Susan Rood, GRI,
Agent
Niceville, FL
FIRST ANSWER

Last time I showed Waterscape they had a perfered lender who was working with the developer. Have you talked with them? I believe this complex is still in the hands of the developer, so financing maybe difficult. I would suggest calling Lorena Spillar with Wells Fargo at 850-830-9948 or Sue Botehlo with Northstar Mortgage at 850-797-7946. They have help my clients in the past and are willing to answer questions. I know they both do financing for condos other then arms, so give them a call. Good Luck.

Let me know if I can be of further assistance.

Web Reference: http://www.SusanRood.com
Wed Sep 2 2009, 17:50

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