Financing a cooperative apartment in New York can be complex, especially when the building is considered non-warrantable. Many lenders shy away from these transactions, leaving buyers and owners thinking their options are limited. Non-warrantable co-ops are precisely what we specialize in.
We are dedicated exclusively to co-op financing across all of New York State, and we offer innovative solutions for non-warrantable cooperative apartments.
Non-Warrantable Co-Op
A co-op is considered non-warrantable when it does not meet conventional agency or bank guidelines. This can happen for many reasons, including ownership concentration, litigation, building characteristics, or structural issues. While these factors can make financing harder, they do not make financing impossible.
Financing for Non-Warrantable Co-Ops
We offer specialized loan programs built for real-world New York co-ops, not rigid checklists. Our non-warrantable co-op financing highlights include:
- Loan amounts up to $5,000,000, including cash-out refinances
- No seasoning required for cash-out refinances, with no cap on cash in hand
- Cash-out allowed on investment units
- Loan-to-value (LTV) up to 80%
- All non-warrantable scenarios are considered, including minor structural or defect-related litigation.
- Gifted down payments and reserves allowed, even on investment properties
- LLC closings permitted for investment co-op units
- Financing available for no-credit borrowers, work visa holders, EAD/work authorization holders, and foreign nationals
- Units under 500 square feet allowed.
If you’re exploring financing options for a non-warrantable co-op in New York, contact our office.
