Florida Co-op Home Closed in 32 Days with Newly Created LLC

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 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...

Co-op vs. Condo: Understanding the Key Differences

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...

Refinancing Your Investment Co-op: A Guide to Maximizing Returns

Refinancing Your Investment Co-op: A Guide to Maximizing Returns

Investment co-ops offer a unique opportunity for individuals to own a share of a property and reap the benefits of rental income. However, as with any investment, it's important to constantly evaluate and optimize your financial strategy. One way to do this is by...

What Makes a Co-op Non-Warrantable?

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....