Tampa's Towers at Channelside Offer Luxury At Reduced Prices, New Loans

The Towers of Channelside recently received FHA financing approval. Add that to its already reduced lease rates, and Tampa urbanites could have themselves a sweetheart of a deal.

The FHA financing benefits include a low 3.5 percent down payment, a credit score as low as 600, low-fixed or ARM rates and a slightly higher debt to income ratio. In addition, you don't have to be a firsttime homebuyer.

"This is great news for people who are looking to own a new home," says Steve McAuliffe, president of JMC Realty. "Buyers will be able to take advantage of this opportunity with a minimal down payment."

The new financing option isn't the only advantage at The Towers of Channelside. Prices for the residential condos have been reduced up to 45 percent of the original asking prices. Prices range from $178,000 for a one-bedroom, one-and-a-half bath design to $390,000 for a high floor three-bedroom, three-bath home. Penthouses start at $500,000.

"The FHA financing benefits combined with the great pricing we have to offer will help the future viability of this project as well as others in the Channel District," says McAuliffe. "We expect to see more buyers'' because more affordable downtown living is now available.

The 28-story twin towers are comprised of 257 luxury residential condominium homes.. The residences feature expansive balconies and panoramic views of the waterfront and downtown Tampa. Other features include a resort-style amenities deck on the fifth floor with clubhouse and one of the largest swimming pools and entertainment areas in the region. The deck, which rests above the four-level parking garage (most homes come with two parking spaces), connects the two towers. The Towers of Channelside homes are within easy walking distance of an array of restaurants, numerous entertainment venues, and a variety of shops.

Writer: Missy Kavanaugh
Source: Steve McAuliffe, JMC Realty