Home Buying in Medfield>Question Details

Cassie, Renter in Dorchester, MA

How do we find a portfolio lender in MA to finance new construction condo? Fannie Mae does not seem too keen on them...

Asked by Cassie, Dorchester, MA Sat Mar 30, 2013

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Try your local community bank, Bank of Canton and Dedham Savings are two good ones to look into.
0 votes Thank Flag Link Sat Mar 30, 2013
I find the financing new construction at times can be tricky. Prospect mortgage has been very good at handling that. Feel free to contact me directly for advise in financing - I work with some great mortgage brokers - 508-380-7280 - Alison Brown
0 votes Thank Flag Link Sat Jul 6, 2013
Hi Cassie,

Most local banks and credit unions may be a solution.


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0 votes Thank Flag Link Tue Apr 2, 2013
Contact me direct. Patrick Larkin 978-837-6677
0 votes Thank Flag Link Sat Mar 30, 2013
How many units are in the project or construction phase? How many of the condos are sold or under agreement?
0 votes Thank Flag Link Sat Mar 30, 2013
I mean 50% sold, approx.
Flag Sat Mar 30, 2013
Each "phase" is a two unit structure and we are buying the first half. The whole project is about 50% done.
Flag Sat Mar 30, 2013
I have portfolio products available for this option. Would need to know more details on the condo complex. Feel free to contact me anytime.

Steve Boucher
Guaranteed Rate
781-277-1792
steve.boucher@guaranteedrate.com
0 votes Thank Flag Link Sat Mar 30, 2013
You are building a condo or a complex of condos? Sounds like you need a commercial construction loan. Rockland trust or bank of canton might be places to check out
0 votes Thank Flag Link Sat Mar 30, 2013
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