Newly Built San Francisco Condo Tower Lands on Fanny/Freddy Mortgage Blacklist

  • Article says most of the apartments are sold, guess they’ll have to wait for someone to show up and pay cash.

    Walked past it to and from work everyday in 2019 - always wondered what it was.

    The building is beautiful and it gives some soul to a somewhat soulless part of SF. It rises above the Transit Center’s bald concrete lot and the twists are something you could stare at for ages.

  • A similar thing happened to our condo. Fannie and Freddie wouldn't touch it despite no obvious outstanding issues. We didn't have a problem finding lenders who would give us a non conforming loan.

  • Aside:

    > members of the lending community

    This is an interesting way to say "banks".