LOS ANGELES, June 25, 2012 /PRNewswire/ -- The luxury condominium community, Solair, has reached a major sales and financing milestone with the receipt of final project approval from Fannie Mae (FNMA). With this approval, Solair buyers now have available to them a wider range of desirable financing options that were not previously accessible to either of Solair's Preferred Lenders, Wells Fargo and Skyline Homes Loans, or to any other lenders providing financing for Solair buyers. These newly available loan programs coupled with historically low interest rates are expected to spur a new wave of sales in the already quick-selling community.
Solair was able to qualify for FNMA approval by making nearly 40 new sales since February 1, 2012, taking the sales total figures to over 60% of the entire building. As a result of this ongoing sales success, several floor plans are nearing sell out and prospective buyers are urged to visit the sales office today to take advantage of the remaining opportunities. Current prices on non-penthouse residences range from the mid-$500's to over $1 million. For those buyers interested in paying all cash for their purchase, Solair is offering a 3% seller concession for a quick closing.
The Solair sales and management team attributes their recent success over the last 12 months to the many key strengths of the offering. Solair boasts luxurious design and architecture, great amenities, a 5-star quality lobby and business center, and 24-hour on-site security, yet is offering homes at prices that are very competitive with the rest of the market and other residential complexes with much lower amenity levels. Additionally, the low new home inventory in the Los Angeles area and historically low interest rates are playing a role in facilitating residential real estate sales in general. Furthermore, Solair recently reduced the monthly HOA dues for 2012.
The Solair Live Here Lounge and Sales Center are open daily from 10am to 6pm. Prospective buyers wishing to learn more about Solair may call the sales office at: 213-387-9099 or visit: www.thesolair.com.
MEDIA CONTACT:
Soa Kang
Phone: (213)389-9300 | Email: [email protected]
SOURCE Solair
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