90% Financing for HDFC Co-op


Any experiences? Is it possible these days?
Thanks.

By wilso26941 | | Comment

FHA Mortgage for Joint Tenants?


Simple question – can two couples looking to buy a 2 family or 3 family together qualify for a FHA 203k loan? Or any other product not requiring 20% down? Any JT experiences out there?
Thank you in advance.

By wilso26941 | | Comment

Shooting in Fort Greene?


Does anyone know anything about this? Saturday night I awoke at around 4am to multiple gun shots (6-12) heard from Rockwell Place between Dekalb and Fulton. Between 10-20 Squad cars, unmarked police cars, and paddy wagons showed up in literally under a minute and swarmed a large group (over 10) of people headed south on Ashland but that’s all I know. This morning I went by and there’s blood spatter all over the sidewalk and one of the garage doors next to the bar.

Speaking of which, how does one get a bar shut down? This place is SHADY.

By wilso26941 | | Comment

Financing a Shell Renovation


Anyone had any experience financing a building shell renovation? I’m looking to purchase a commercial property to do a residential loft conversion (which is legal per the zoning resolution) and am having some difficulty with financing. I figure it’s similar to renovating a building shell since it is currently not inhabitable. Anyone done something like this in the past and actually get financing? Or know of a broker or lender who could help?
Thanks.

By wilso26941 | | Comment

Mortgage Broker Recommendation?


My wife and I are looking for a mortgage broker (or we could go straight to the bank if that’s better) for the residential conversion of a commercial property in Brooklyn. Any one out there with a project like this? Total budget is around 400k so we’re not talking about crazy money here. I already spoke to Norman Calvo who is unable to do this type of financing. Since it is zoned residential, couldn’t this be considered a construction loan? I figure it’s like buying land with a head start.

By wilso26941 | | Comment

Lis Pendens filing?


What does a Lis Pendens filing mean to a potential buyer? Looking at a building that propertyshark shows a Lis Pendens filing by the seller’s bank in December of ’08. What does this really mean? Is foreclosure eminent? Could it be nothing? How do I find out what’s going on? Thanks.

By wilso26941 | | Comment