FNMA-backed buyer financing no longer available for condo-hotels suites

Principal Consultant , David Allison Inc.
  • Jan. 9, 2010

According to new Fannie Mae guidelines that have banks veering in a new direction, real estate developers in the USA are no longer going to get project-approval for FNMA-backed buyer financing on suites in so-called condo-hotels.

This seems to me to be a huge shift in the real estate development arena, as the opportunity to build and sell homes to people who are interested in the amenities offered by a luxury hotel in the same building has been a big part of the real estate pre-sale market in recent years.

Here’s an article from the New York Times that talks about this issue.



David Allison works with executive teams in real estate development and other industries to craft the early-stage vision and brand for projects of all kinds. He crystallizes the most interesting…

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David Allison works with executive teams in real estate development and other industries to craft the early-stage vision and brand for projects of all kinds. He crystallizes the most interesting…

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