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Miami has grown tremendously over the last 5 years and Downtown/ Brickell especially have hundreds of new construction condominium towers. Many of these condos have not been approved by Fannie Mae. What this means is that if you are trying to buy condo in one of these buildings - you would have a really hard time. And if you were selling this would be a problem. Now, Fannie Mae has added 123 new condos to the APPROVED List. Once a condo building is approved it makes it that much easier to secure financing. Buyers and sellers rejoice!
some of the Approved Condos include:
Icon Brickell Tower 1
50 Biscayne
500 Brickell
Everglades
900 Biscayne
1800 Club
complete list available at : https://www.efanniemae.com/syndicated/documents/dps/condopud/FL.pdf
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