Wednesday, October 7, 2009

Easy Condo Credit?

Today's Crain's Chicago ran a video story about MB Financial and the "easy credit" market for condos. Some banks including Wells Fargo are once again offering 95% financing. MB Financial is offering up to one whole percentage point less to buyers than competing lenders for some projects it has underwritten. With the stimlus potentially expiring November 30th, accommodating financing at still attractive rates, and home values at their lowest levels in years, it is a great time to we just need more buyers.

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