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Sales Launch At Harlem Development Seeking Fha Financing
New condominium the Douglass, at 2110 Frederick Douglass Boulevard at the corner of 114th Street in Harlem, has launched sales today. The 38-unit development includes one-, two- and three-bedroom apartments, ranging from 762 square feet to 1,355 square feet, according to a press release. While regulations mandate that new developments must be 50 percent pre-sold before qualifying for Federal Housing Administration financing, which offers qualified buyers more than 95 percent financing through mortgages insured by the federal government, the developer at the Douglass, BRP Companies, and its marketing firm, Halstead Property Development Marketing, plans to make the cut. The homes have asking prices ranging from $529,000 to $969,000
Monday, November 30, 2009