Lolop, Home Buyer in Brooklyn, NY

I need to finance a mixed use investment property that is subsidized by HPD.

Asked by Lolop, Brooklyn, NY Fri Jul 4, 2014

Where can I find financing? HPD holds first position mortgage for the subsidy through the city's StoreWorks program. Lenders don't understand no payments are required on $300,000 HPD subordination. My share of purchase price is $370,000. Need 75 percent financing.

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Answers

2
Yes call me lawrence 646-919-4485
0 votes Thank Flag Link Wed Jul 16, 2014
Will HPD take 2nd lien position?



Vanessa Thatcher
Senior Loan Officer NMLS# 41404

Atlantic Home Capital
4175 Veterans Memorial Hwy, Ste 310
Ronkonkoma, NY 11779

Office: 631-687-3510 x106
Direct Dial: 631-468-8809
Direct Fax: 631-918-5222
Cell: 631-672-4113
0 votes Thank Flag Link Wed Jul 16, 2014
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