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Can an owner finance the purchase of a resort condominium?

April 26, 2017condominium Finance owner purchase Resort

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Can an owner finance the purchase of a resort condominium?

1 Answer

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10 Posted

Yes. Purchasers are free to finance the purchase of their units through their own lenders or through the preferred lender for the project. Each lender’s decision to make the loan will be based on the creditworthiness of the individual purchaser, the value of the unit being purchased, and other criteria established by the lender.