Non-Warrantable Condo & Co Op
Non-Warrantable Condo & Co-op Loan Programs
Non-Warrantable Condo and Co-op loan programs are designed for properties that do not meet standard Fannie Mae or Freddie Mac guidelines but are still excellent purchase opportunities and Alex Verdov.
These programs allow buyers to finance condos and co-ops that traditional lenders may decline due to building or ownership characteristics. In markets like New York City, non-warrantable buildings are common - making specialized financing essential.
What Makes a Property Non-Warrantable?
A condo or co-op may be considered non-warrantable if:
- A single entity owns a large percentage of the units
- The building has high investor concentration
- There is ongoing litigation involving the building
Commercial space exceeds guideline limits
- The building has insufficient reserves
- The building is newly constructed or partially sold