Non-Conforming Condo - Salt Lake City
Hi Bigger Pockets Friends!
I need some advice about lending for a non-conforming condo. It is located downtown Salt Lake City and because 14 of the 17 units are rentals no one will lend on it. By the way, does this rule seem crazy to anyone? It is a well maintained condo in an excellent area!
Do any of you have words of wisdom here on how we can obtain financing for something like this quickly? Properties in Salt Lake City have been selling within 5 days on the market so we would need to get in fast.
But generally I'd love to see what you guys have done if you have faced a situation like this? Contacts? Private lending? etc.?
Thanks!!
Becca