California-based Provident Funding Associates LLC is getting out of the Florida condo lending business, it told broker partners on Friday.

In an email sent Friday morning, Provident said that it would “no longer be accepting new applications for condominiums” effective that day. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. PST on Oct. 31 or they’ll be declined. Additionally, all loans currently locked must be funded by the lock expiration date.

“We look forward to continuing to bring our partners our aggressive price and fast turn details ⇒

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