New Parking-less Condo Loans Approved by Fannie – The Real Deal

August 27, 2016

Financiers Fannie Mae approved the mortgage loans of a new 40-story condominium tower in Downtown, buying out the empty units at Centro (the tower).

Newgard Development Group has been granted a temporary certificate of occupancy for Centro, where less than 30 of the original 352 units have been sold.

Being Fannie Mae approved mortgages that are backing these left over units is huge because it means qualified applicants can make down payments as low as 5% for a condo at Centro.

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