Non-warrantable Condo Refinancing at 15-year fixed rate

Asked by South Looper, Chicago, IL Fri May 3, 2013

Does anyone do refinancing on non-warrantable condominiums at a 15-year fixed rate in the South Loop?

Building Facts: High rise building with 208 units; Developer owns 33 units, all of which are being rented out but are still for sale; 74 units are either being rented or sold as investment properties.

My facts: Current mortgage balance of $211K; November 2009 appraisal for $312K; Impeccable personal credit score and extremely stable employment.

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Answers

5
Bill J Delig…, Agent, Naperville, IL
Mon May 20, 2013
If you haven't found anyone yet, contact me and I can out you in touch with a lender that may be able to do it.
1 vote
Chicago Mort…, , Chicago, IL
Fri May 3, 2013
Hi,
I believe I know which building you're referring to and I've completed 8 loans (5 refinances) in the last 6 months.

Please give me a call when you can and we can discuss further.

Thanks,
JP

JP Marzano
Senior Loan Officer - NMLS #574681
Chicago Financial Services
312-608-1555
jpmarzano@cfsmortgage.com
1 vote
Ronald Peake,…, , Tinley Park, IL
Fri May 10, 2013
Did you find the answer you were looking for? Please feel free to give me a call.
Smile,

Ronald Peake, Jr.
Ronald Peake, Jr.
Loan Officer
NMLS# 254862
Phone: 630-606-9921
Fax: 855-709-6858
http://www.NeedaLoan2.com
P.S. My business is based entirely upon referrals. Please feel free to offer my services to your friends, co-workers, and family in need of professional mortgage planning services.
0 votes
JIM Michaels, Agent, Chicago, IL
Sat May 4, 2013
Call Wesley


Our Team | United Equity Mortgage Corp.
http://www.unitedequity.us/our-team.html‎
Wieslaw (Wesley) Jura Vice President. NMLS ID 225274 ...
0 votes
Mark Bazzetta, Agent, Chicago, IL
Fri May 3, 2013
Is the building you're describing 1464 S. Michigan?
0 votes
Mark,
I think that's what he's referring to.
It's a tricky building but we got financing approval in 2012 and have completed numersous deals.
Flag Fri May 3, 2013
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