We specialize in finding financing solutions for co-op buyers who may not fit conventional lending guidelines. We are pleased to announce the successful closing of a recent non-warrantable co-op purchase transaction. This transaction was completed with a 30% down payment and a 5.75% interest rate, with a 1-point origination fee. Unlike conventional co-op financing programs, this loan required no income documentation, making it an attractive solution for self-employed borrowers, investors, retirees, and high-net-worth individuals.
One of the key requirements of this program was that at least 5% of the down payment funds had to come directly from the borrower. Beyond that, the loan offered significant favorable terms, helping the buyer secure financing without verifying income. Another major advantage was that no bank statement analysis or transaction verification was required.
Financing Solutions for Non-Warrantable Co-ops
If you’re purchasing a non-warrantable co-op, seeking low-documentation financing, or exploring alternative qualification methods, our team can help identify programs that fit your needs.
Looking to Buy a Co-op in New York or Beyond?
If you’ve been told that financing your co-op building is difficult, or if you’re looking for a mortgage solution that doesn’t require extensive income documentation, contact us. We specialize in creative financing solutions for New York co-op buyers or co-op owners.
