Miami Canvas condo lowers deposits to 20%, pursues domestic buyers with Fannie Mae loans – South Florida Business Journal

Miami Canvas condo lowers deposits to 20%, pursues domestic buyers with Fannie Mae loans – South Florida Business Journal The Canvas condominium in Miami’s Arts & Entertainment District has broken ground after the developer obtained a million construction loan.. domestic buyers can obtained Fannie Mae-backed.

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Canvas, a condominium tower rising in Miami’s Arts & Entertainment District, has received conditional project approval from Fannie Mae, as construction begins.

Tony DeRiggi – Compass Mortgage Miami Canvas condo lowers deposits to 20%, pursues domestic buyers with Fannie Mae loans – South florida business journal home mortgage refinance in florida | Ultimateonlinemortgage.com Checking, savings, investments, mortgage, loans, insurance. BB&T offers banking services to help you reach your financial.

Miami condo lowers deposits to 20%, pursues domestic buyers. Since Canvas has Fannie Mae approval for 95 to 97 perce [.] visit article. 2017 11/21.. South Florida Business Journal: Two visions along MacArthur Causeway.

Special Approval Designation for Established Florida Condominium Projects ST CPM ID # Project Name Phase/Bldg# # of Units Street Address CITY ZIP Code Approved Date Expiration Date FL 194935001 360 CONDOMINIUM A Entire Project/ 279 7900 HARBOR ISLAND DR MIAMI BEACH 331414281 10/29/2012 10/26/2013 FL 205275001 401 BLU OF NORTH BEACH CONDOMINIUM

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Luxury condo projects attracting construction loans again. Developer Gil Dezer closed on a $214 million construction loan for the Porsche Design Tower Miami in Sunny Isles Beach, in another major sign that banks are wading back into construction lending on select luxury condo projects.

The developer of the 513-unit project hopes to attract domestic buyers with its financing plan.

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Miami condo lowers deposits to 20%, pursues domestic buyers. Since Canvas has Fannie Mae approval for 95 to 97 percent financing, domestic buyers who are primary residents can receive part of their deposits back at closing.. South Florida Business Journal: Two visions along MacArthur Causeway.

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