I have closed financed sales with 25% down in Two City Plaza, One City Plaza, The Edge, and The Slade.
Downtown West Palm Beach is my specialty and I have great lending partners with very competititve rates.
At your service.
Marsha Montoya Mayer- Realtor
Paradise Properties of Florida, Inc.
Conventional loan will be much better for you if you plan to put 25% down, so look at the last link.
Faith Home Loans
( http://www.fha.com/condominium.cfm )
I would recommend you speak to a mortgage professional as they have access to the condominium approval list for the Fannie, Freddie, FHA, and individual lender underwriting standards. If you need a recommendation for a mortgage professional please feel free to contact me.
Also, make sure you ask the question about health of the condominum owners association. The economics of these high rise buildings require a large percentage of the unit owners not be in default for their dues; you wqould not want to be in a situation where the common facilities of a high rise are not being maintained due to cash flow shortfalls. If you need help navigating this process please seek assistance from a Real Estate professional.
Over the past 90 days we have seen transactions close in the following buildings that according to the records I have available were financed. Some of these were bank owned listings so special financing deals through the Seller may have been available;
One City Plaza
Cityplace Garden Courtyards
You should confirm with your lender as if these buildings will qualify for financing at a 75% loan to value. If you need a recommendation of a lender to speak with please feel free to give me a call and I will be happy to make a suggestion. I hope this is information is helpful but if I can offer anything additional just let me know.
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty