SF Sunrise

There’s no shortage of inventory right now in the SOMA, Rincon Hill, and South Beach developing neighborhoods of the city. What there has been a shortage of is opportunities to obtain financing. This past week we found that Blu, a new high-rise development located at 631 Folsom, is now condo FHA/VA approved.

What this means is the buyer can use a smaller down payment at 3.5% and generally close and move through the transaction a lot quicker. There are also requirements that need to be in place in order for a condo building to be endorsed for FHA/VA approval. These same requirements such as owner occupancy rate, reserves, and percentage of pre-solds ensure a purchaser a viably stable investment for the long term.

Some interior highlights include:

• Floor to ceiling windows
• Viking and Bosch appliances
• European kitchen cabinetry
• Marble bath floors and vanities

The Building features:

• 24 hr. door attendant
• Concierge services
• Private rear garden with fountain, and a BBQ and catering set-up facility

BLU is located in the vibrant SOMA neighborhood, so close to everything you need for shopping, dining, work, and nightlife.

Six different 2 bedroom plans on floors 2-19 starting in the high $600s

*Pre-approval is required with their preferred lenders