Miami Canvas condo lowers deposits to 20%, pursues domestic buyers with Fannie Mae loans – South Florida Business Journal

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Canvas in Miami’s A&E District lowers deposits to 20% NR Investments, led by principals Ron Gottesmann and Nir Shoshani, lowered the required deposit to 20 percent. In early 2016, the developers received conditional project approval from Fannie Mae, another step often used by developers to lure domestic buyers.

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Miami Canvas condo lowers deposits to 20%, pursues domestic buyers with Fannie Mae loans – South Florida Business Journal Miami Canvas condo lowers deposits to 20%, pursues domestic buyers with Fannie Mae loans – South Florida Business Journal by Mathew / Sunday, 14 July 2019 / Published in Mortgage Lenders News

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The developer of the Canvas condominium in Miami’s Arts & Entertainment District has lowered the deposit requirement to 20 percent for domestic buyers as it aims to leverage Fannie Mae loans to.