Updated over 3 years ago on . Most recent reply
Denied a load on a multi family home
Three weeks left on closing on a multi family property in the Bronx and we were denied funding due to the fact that we priced our one bedrooms to high $1800 claim the for the Sq footage of 666 it should be priced at $1500. Even after providing comp in the neighborhood of similar units we were still denied.
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What part of the Bronx. I live and have worked here for 9+ years and $1800 is very reasonable for a bedroom in most neighborhoods. Lmk if you need connection with a lender that understands the Bronx.