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Updated about 8 years ago on . Most recent reply

Steve C.'s profile image
Steve C.'s profile image
Steve C.
  • from San Jose, California
  • Member since Jan 22, 2018

User Stats

55
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13
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Steve C.'s profile image
Steve C.'s profile image
Steve C.
  • from San Jose, California
  • Member since Jan 22, 2018
Steve C.
  • San Jose, CA
13
Votes |
55
Posts
Private Lending & Conventional Mortgage Advice

Loan for condo complex heavily owned by investors

Steve C.
  • San Jose, CA
Posted

I am trying to close one loan with Chase for one condo as an investment property.

I heard that they have a policy that they usually approve a loan when investor owned properties have be less than 50% in the condo complex. So this requires extra work to be an exception from my side. 

I haven't heard this kind of restrictions before, but is this usually the case for many loans?

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