Due to the recent downturn in real estate activity from 2007 to 2011, many developers found their communities with increasing levels of rental units.
This increase in condominium rental units created restrictions that reduced access to favorable mortgage terms.
During this period, Marshal Granor. Esq developed a cost effective process for converting the ownership on a property from a condominium to a Planned Community format.
The conversion results in several benefits:
- Access to mortgage financing with better terms
- More favorable appraisals to allow for sales and refinances
- Higher perceived value from buyers and improved selling prices.
For more information call us at 215-830-1100 or use our contact form.