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What is a Condo-Site?
#1 Private Lending & Conventional Mortgage Advice Contributor
- Lender
- Austin, TX
🤔 Q: What is a Condo-Site?
➡️ A: A "Condo-Site" is a type of condo unit that is in an overall condominium project that contains four or fewer units. Because it only shares a condo regime with so few other units and more closely resembles units within a duplex, triplex or fourplex rather than a large condo building, mortgage lenders, including DSCR Lenders, treat these units as SFRs or standard single-family residences for qualification and pricing purposes.
More: ⬇️ ⬇️⬇️
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