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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceConventional loan on condo where most units are not owner-occupied
John D.'s profile image
John D.'s profile image
John D.
Pro Member
  • Rental Property Investor
  • from La Quinta, CA
  • Member since Mar 27, 2014
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John D.'s profile image
John D.'s profile image
John D.
Pro Member
  • Rental Property Investor
  • from La Quinta, CA
  • Member since Mar 27, 2014
Connect
John D.
Pro Member
  • Rental Property Investor
  • La Quinta, CA
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Private Lending & Conventional Mortgage Advice

Conventional loan on condo where most units are not owner-occupied

John D.
Pro Member
  • Rental Property Investor
  • La Quinta, CA
Posted Sep 22 2014, 21:40

Hi All-

    I'm looking at purchasing a condo in a 6-unit building in Baltimore city.  Most of the units are not owner-occupied, so my usual lender said he cannot lend on this condo.  Is this normal?  Can anyone recommend a lender that will work with this situation?

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