financing for condo conversions: IL

I have several investors who have or will be converting their multi-unit properties into condos. I need financing for the purchasers. Most of the buildings are 6-12 units, however, there is a 27 unit and 40 unit complex being rehabbed and converted. Majority of properties are 3-4 stories. 6 unit property that may be issue: […]


A house is worth what someone is willing to pay! Plain and simple. Also, most homes are sold at 90-94% of the original sales price. The final agreed upon price is 100K and the orig. price was 106,900. The house appraises for 106,900. What’s the difference? Plus, these lenders that are set up to handle […]