NEED FINANCING?

Finding the Right Lender Is Essential

When searching for the right lender, it is essential that you work with an experienced broker who knows the ins and outs of loft financing. Here's why:

Loft financing may be considered non-traditional financing by most lenders and credit unions. Having a homeowners association does not make a loft equal to a condominium in the eyes of most lenders — they have guidelines that consider factors like zoning, type of occupancy, type of construction, and type of building.

Understanding CRA can save you money. Many lofts are located in CRA-designated areas. Banks are required by the federal government to provide a certain amount of loans in these assessment areas, and to compete for them some banks will offer below-market rates or even pay closing costs.

Know the difference between buildings. You need somebody familiar with the area — which buildings qualify for FHA, which buildings have lawsuits that make financing complicated or impossible, and which banks have successfully closed deals on hard-to-finance buildings.

Let Us Help You Navigate the Financing Process

Our team has the expertise to guide you through every step.