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Austin Condo Project Scores $88M Loan

 · Verzasca Group just scored a $25.7 million construction loan for its Aurora condo project in Sunny Isles Beach. The firm secured the loan from New Wave Loans, a nonbank lender based in North Miami Beach, which it will use to build the 17-story, 61-unit condo.

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FHA loans include the option to fill out a loan application for condo loans. Borrowers can apply to purchase a condo unit as long as the condo project is either on the FHA approved list or is added to that list. Recently we reported on the FHA’s change in rules for occupancy requirements for approval of condo projects.

Best Loan Programs for Financing an FHA Approved Condo . Thousands of borrowers in all 50 states rely on affordable loans using the FHA condo approval. Congress does not agree on a great deal this year, but recently they did agree on a major housing finance issue that is good news for condominium buyers and sellers across the US.

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Austin, Texas-HFF recently arranged joint venture equity for the development of a 24-story, Class AA+ mixed-use residential and hotel project in downtown Austin. Gables Republic Square is scheduled to.

Start the process today by contacting our loan department at (512) 302-5555 Ext. 7194, or by email at loans@atfcu.org. You can fill out and return the Commercial Real Estate Application Package to any of our 24 Austin Metro Locations.

Located in Downtown Austin. If built, The Independent Condos would bring 400 residences to the burgeoning Seaholm District. The Independent Condos – AustinTowers.net – TOWERS

Austin Towers has been the go-to resource for the downtown Austin condo market, since 2007. Featuring a searchable list of all condos for sale in Austin, the site also includes editorial, Austin real estate news, analysis, and project details.Visit the AustinTowers.net "Market Index" to see trending Austin condo prices from recent downtown condo sales results.

Rendering of Hollywood Circle and developer Chip Abele. Financing will be used to pay back $60M construction loan. Hollywood Circle, a mixed-use project funded in part with Chinese EB-5 money, closed on a $125 million loan.. The financing, which comes from Athene Asset Management and ace global multi-credit llc and other lenders, was used to pay off a $60 million construction loan from.