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Midtown Miami heralds the return of 97 percent financing

Midtown Miami heralds the return of 97 percent financing

The developers behind Midtown Miami recently announced a program allowing buyers to qualify for 97-percent financing at the high-rise condo complex, where the units start at $276,000. At that price, a buyer could obtain a mortgage with a down payment of $8,300.

The new financing program is designed to boost sales at the complex’s 33-story 4 Midtown tower, which is already built but undergoing renovations.