investing in condos

New rules raise the bar for condo mortgages- Tampa, Fl

In a move that will make it even more difficult to qualify for a condo loan, Fannie Mae is putting a host of new conditions on mortgages for condominiums. View from 345 Bayshore Condo Lending giant Fannie Mae is slapping tough new requirements Fannie Mae’s timing ”couldn’t be worse,” said Jack McCabe, a South … Continue reading New rules raise the bar for condo mortgages- Tampa, Fl

Read the full article →

The Place at Channelside Auction Winner Announced-Tampa, Florida

The new ownership of The Place at Channelside Development has been disclosed. After reading the article the only disagreement I have is that they said there is no market for condos right now. When I posted the last article about the Place going to Auction we received an overwhelming response from people who were wanting … Continue reading The Place at Channelside Auction Winner Announced-Tampa, Florida

Read the full article →

The Place at Channelside Auction sells for 21.9M

Tampa Bay Business Journal by Michael Hinman Staff writer Breaking News on the outcome of the Auction at the Place in Channelside-Tampa, Fl The identity of the group in line to buy The Place at Channelside has yet to be revealed, but the purchase price is now public. The 243-unit complex on Channelside Drive … Continue reading The Place at Channelside Auction sells for 21.9M

Read the full article →

Towers of Channelside "DEVELOPER EMERGES FROM CHAPTER 11 ON OCT 1st"

Towers of Channelside announced in the Tampa MLS condo listings that “DEVELOPER EMERGES FROM CHAPTER 11 ON OCTOBER 1. CHECK OUT LATEST DISCOUNTED PRICES.” I emailed my friend Michael at the Tampa Bay Business Journal to see if he had heard of anything regarding the bankruptcy. He says “It’s on the front page of our … Continue reading Towers of Channelside "DEVELOPER EMERGES FROM CHAPTER 11 ON OCT 1st"

Read the full article →

The Place at Channelside in Tampa goes to auction

When we first posted this story the auction had not taken place. Click link below for updated sales price for The Place at Channelside The Place at Channelside Auction sells for 21.9M August 20, 2008 Bargain basement: 171 Tampa Channelside condos face bankruptcy auction A bankruptcy judge has ordered the auction of the remaining vacant condos … Continue reading The Place at Channelside in Tampa goes to auction

Read the full article →

Condo Conversion Market and News-Tampa, Fl

I received an email today regarding the Peoples Bancorp Inc. (PEBO) Q2 2008 Earnings Call Transcript. They mentioned a property they financed in Tampa and how the values of this condo conversion have come down. It didn’t mention what development they were talking about. I thought it was interesting and a positive sign for the condo … Continue reading Condo Conversion Market and News-Tampa, Fl

Read the full article →

Things to know about Investing in Tampa Real Estate-Tampa, Fl

I thought I would share an email from a reader who wanted to know more about investing in the Tampa Real Estate market. Hello Rae. I think Condo’s will probably see the most flexibility, due to a large portion of a development still available? Waterfront condo’s are always in season due to their location, in … Continue reading Things to know about Investing in Tampa Real Estate-Tampa, Fl

Read the full article →

Channel District Condo Developer To Turn Units Over To Bank

It’s been a long road for those who have purchased condos in Channelside. Since we have been posting articles relating to downtown Tampa; I thought everyone would want to hear what’s happening in the Channelside District. The first development to file for Chapter 11 bankruptcy protection was the Towers of Channelside. They are still selling … Continue reading Channel District Condo Developer To Turn Units Over To Bank

Read the full article →

34 buyers suing to get deposits back from condo project-Tampa, Fl

34 buyers suing to get deposits back from condo projectBy: Dave BalutTampa, Fl. – The Channelside District as seen from one of the large parking garages across the street. A new condo project called The Place At Channelside is almost finished, but now some buyers are trying to bail out. 34 buyers are suing developers … Continue reading 34 buyers suing to get deposits back from condo project-Tampa, Fl

Read the full article →

Condo Update-Tampa, Fl

Condo Saturation Soaks DevelopersBy SHANNON BEHNKEN The Tampa TribunePublished: May 1, 2007TAMPA – Condos For Sale. The loud signs flaunted from street corners across the Bay area are meant to grab the attention of potential buyers.Developers advertise slashed prices and promise flat-screen TVs and computers. They put up inflatable gorillas and even pay people to … Continue reading Condo Update-Tampa, Fl

Read the full article →