Condo Conversions Revert to Rentals
Published Thursday, April 20, 2006 by Real Estate Pro | E-mail this postET April 16, 2006 Six communities with 1,571 units - three in Broward and three in Palm Beach County - have made the switch from condo conversion sales back to rentals. "A bank that is asked to change a short-term loan for a conversion project to a longer-term loan for a rental project would also probably want to recoup those lost partial release fees at the time of the new loan," Dockerty said.
Tagged: loan
Condo Conversions Revert to Rentals