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July 21, 2009
SRO -> 3 Family FHA Loan
We're looking at buying an SRO and we'd like to turn it into a 3-family. Right now it seems like most banks are staying away from those loans. Anyone know of a bank/broker willing to work on those?
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I am forgetting the name of the lending institution at the moment (think it may be Meridien), but we got our SRO loan from the place located at the corner of 7th Ave & 9th Street in Park Slope. They operate independently and have their own ways of doing things that are not exactly conventional, but I am sure that's how we got our super-jumbo SRO loan. It's probably worth it to stop in to talk to someone.
Posted by: tiptoe at July 21, 2009 3:21 PM
Glancing on google maps I see what looks like a "First American" sign, does that ring a bell?
Posted by: mixicon at July 21, 2009 3:31 PM
First Meridian on 7th ave and 9th street
Posted by: PHfamily at July 21, 2009 4:24 PM
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