Hello, You need to find a lender who will lend on non-warrantable condos. I will check with our TN branches and let you know, we have a couple of lenders here in IL that will do those types of projects. You just have to find them. Also, keep in mind if the association has in their bylaws a limit on the amount of investors allowed in this will certainly help as well. All lenders want more O/O than N/O/O! Dan
Check with your local community banks as well, they tend to lend on Condo projects thru their portfolio loan programs where larger banks/lenders will not.