Non - Warrantable condo association
I wanted to know the potential risk associated with buying a condo that has a non-warrantable condo association. I am looking to potentially buy 1 unit in an 8 unit condo building whose HOA is managed by the developer who also owns 3 units and 1 commercial unit which is what makes it a non-warrantable condo association. I financing may be harder than the typical route and potentially higher interest rates but is there anything else i should be looking for? Thanks.