4 ms·
As someone who's shopped for apartments in NYC for years, I can tell you that yes, many buildings are unfinanceable if > N% of units are rentals. However, many
by whydid 4y ago
As someone who's shopped for apartments in NYC for years, I can tell you that yes, many buildings are unfinanceable if > N% of units are rentals. However, many/most loans in NYC aren't traditional loans because they're greater than the FHA limits ($600k I think?)