21. August 2009

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Urban Residences BLŪ at 631 Folsom are now FHA/VA approved – 3.5% down

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

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15. May 2009

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A familar recounting. This one from an economics reporter for the New York Times

This article was published in the NYT yesterday. Right now, it stands at the top of the most popular emailed articles. It was adapted from his soon to be published book ““Busted: Life Inside the Great Mortgage Meltdown.”

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14. May 2009

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New development The Hayes with only two units remaining

New development The Hayes with only two units remaining

Sales on New Developments have been slow moving, but what’s new? When The Hayes opened their doors over a year ago, there were not much to compare it to in the way of location. Not much has changed since. I have always liked the development for this very reason. In my opinion, it really flies [...]

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7. May 2009

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555 Washington St. to be built next to The Transamerican Pyramid after all

Something that has been on the horizon for urban dwellers looking to get closer to the downtown/financial district – In charming Jackson Square.

From The Barbary Coast News:

The Draft Environmental Impact Report for the 555 Washington Street project was released in late March and is scheduled for hearing by the Planning Commission

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13. April 2009

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Millenium Tower set to open April 20th

Millenium Tower set to open April 20th

Maybe you’ve heard about this development .. maybe you’ve not, but The Millennium Towers really stands out.   I recently stopped by for a tour of the near completed common areas and to take a peak at a few more units in the “City Residences”.

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