I am a condo owner trying to sell my 2 bed / 2 bath unit in Miami. The issue is that over 50% of the development is owned by one entity, so it’s considered non-warrantable and conventional financing will not be approved.
I’m looking for advice on how to market to cash buyers or portfolio lenders—especially through Facebook or other platforms. Also open to connecting with investor-minded buyers who are used to dealing with these kinds of deals.
Any tips or connections would be hugely appreciated. Thank you!
Lender · CA · Member since 2018 · 638 posts · 393 votes
1y
There are a ton of non-QM product for non-warrantable condos when the reason is investor concentration. Happy to connect, we can even build out flyers and marketing specific to the condo is that is beneficial to you.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
1y
The same lender you used? Or if you paid cash seller financing? Offer it tot he entity that owns over 50%? They’d pry be excited to extend their control.