🚨Major condo financing changes are coming - and they will impact how deals get done. Here’s a quick breakdown:
•⁠ ⁠Reserve requirements increasing to 15% (or follow a reserve study) — effective 1/4/27
•⁠ ⁠Limited reviews eliminated — most transactions will require a full condo review (starting 8/3/26)
•⁠ ⁠Small projects (10 units or fewer) may qualify for a streamlined or limited review in certain cases
•⁠ ⁠50% investor concentration limit removed for established condominium projects
•⁠ ⁠Florida-specific requirements for new condo projects removed, making it easier for new developments to qualify for conventional financing
Some of these changes open doors. Others create new hurdles.
Either way, condo transactions just became more complex - and more important to understand.
If you run into issues on a deal, there are always options.
📞 Rich Campanella, City National Bank, 954-647-0106