Co-op Financing Solutions
Welcome to Coops.nyc, your ultimate destination for all things related to co-op financing in the state of New York! Whether you're a first-time co-op buyer, looking to refinance a co-op, or interested in tapping into your co-op home equity, we have tailored solutions...
What Makes a Co-op Non-Warrantable?
For most cooperatives in New York City, financing is readily available through the conventional loan process. However, some buildings and transactions are deemed non-warrantable, which can make finding financing for co-op apartments in these transactions challenging....
Florida Co-op Home Closed in 32 Days with Newly Created LLC
At Coops.nyc, we recently had the pleasure of facilitating the closing of a Florida co-op apartment in just 32 days for a newly created LLC. The loan amount of $1.2 million was secured with a fixed rate interest-only term, using 12-month business bank statements as...
Cash-out Refinances for Co-ops, What are the Benefits?
Cash-out Co-op refinancing has lots of advantages, especially in today’s interest-rate housing market environment. Doing a cash-out refinance can be complex so requires assistance from leading co-op professionals. We help co-op owners refinance at lower rates enabling...
Did you Know Our Stand-Alone Second Mortgage for Co-op Products Allows a 50% Debt-to-Income Ratio?
Our stand-alone second mortgage for co-ops product is designed to provide you with the financial flexibility you need to tap into the equity of your co-op unit. With a minimum FICO score requirement of 680, we aim to make this option accessible to a wide range of...
Co-op vs. Condo: Understanding the Key Differences
When it comes to choosing between a co-op and a condo, it’s important to understand the key differences that can impact your ownership experience. While both options offer unique benefits, they also come with their own set of considerations. One of the primary...