Franklin First Financial Ltd. launches new Project Development division for Condominiums and Co-Ops

Franklin First Financial Ltd. has launched a new Project Development division to work exclusively with Condominiums and Co-op Developments.
 
MELVILLE, N.Y. - Aug. 5, 2015 - PRLog -- Franklin First Financial Ltd. has launched a new Project Development division to work exclusively with Condominiums and Co-op Developments. The new division will assist these developments in securing or recertifying their approvals with Fannie Mae, the FHA, and/or the VA as well as financing for the individual units.  Each Development will be assigned a dedicated mortgage team to work closely with all of the parties involved (the sponsor, the developer, the management company, the boards, the realtors, the owners and the buyers) to ensure the most streamlined and user friendly mortgage experience industry wide.

Janet Orozco Feller, Project Development Director: “The trend of increasing new construction starts for large multi-family dwellings, coupled with the number of existing Condos and Co-ops that have lost their warrantability over the last several years, makes this a perfect time for Franklin First Financial to enter this market with a Division specializing in Project Developments. With the strong, diversified portfolio of mortgage products that we have built over the years and our traditional commitment to excellence, we expect to be on the forefront of this market before long, and we are very excited by the prospect.”

Contact
Frank St. John
***@ffmtg.com
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Email:***@ffmtg.com
Tags:Condominiums, Co-op, Lending
Industry:Mortgage, Real Estate
Location:Melville - New York - United States
Subject:Projects
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