THE GOOD NEWS IS I CAN HELP YOU!
I’ve been highlighting the challenges in financing condominiums over the past few weeks. Yesterday’s article in the San Francisco Chronicle (March 24th, 2025) confirms these issues, stating that over 700 California condominium complexes are flagged as ‘unavailable’ in Fannie Mae’s database.
In my experience, this merely indicates which lenders can finance specific projects. So far, we’ve found solutions for all projects brought to us by real estate agents.
To assist you, I’ve created and posted a short video on my YouTube Channel explaining this point. If you need help with a specific project, please provide the address and project name to me. It may take a few days to receive feedback from various lenders.
Meanwhile, here are sample responses I have recently got from lenders:
2999 California Street, #302
2999 California Street Homeowners Association
– YES, THIS HOA IS FNMA APPROVED, EXPIRES 5/10/2026.
ONLY HOA INSURANCE IS REQUIRED.
153 N. San Mateo Drive, #106
Villa del Sol – San Mateo
– NO RECORD FOR THIS HOA, SO REGULAR CONDO REVIEW APPLIES.
740 Promontory Point Ln, #3102
Promontory Point – Foster City
– NO RECORD FOR THIS HOA, SO REGULAR CONDO REVIEW APPLIES.
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Feel free to call me: (415)225-7920, or email: [email protected]
Best wishes,
Manny Kagan,
President,
Pacific Bay Financial Corporation
Your professional mortgage broker since 1983
NMLS #205637
DRE #00874630