Condo Conversion to Townhomes and Single Family

Small Adjustment to a Condo Planned Unit Development

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Converting Apartments to Condos was hot in a strong real estate market. Now, converting Condos to Townhomes or Single Family is the hot trend to make properties more lender friendly. While many lenders require substantially higher loan to value ratios for condominium purchases, lenders finance purchases of fee simple real estate products much more freely. Traditional financing can often be found for not only single family but also for townhome product because of the fact that purchasers will actually own the ground under their unit. Additionally, there simply has not been the same level defaults in townhome communities as there have been in condominium projects. In St. Johns County and in the surrounding North Florida communities, Doug Burnett's team at St. Johns Law Group can help you analyze and seek approval for a condo to townhome or single family conversion.

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Reference Info:State, 11th Circuit, Florida | United States


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Douglas Burnett | Attorney Advertising

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