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Underlying Co-op Mortgages

Our Underlying Co-op Mortgage Program requires the following documents for an LOI: Cooperative corporate tax returns (2 years), Property Deed, Certificate of Occupancy, Offering Plan, List of sponsor held shares, and List of sales in the past 2 years.
R

Purchase or refinance

R

Line of credit

R

$50M max loan amount

R

30-year amortization

R

10-year balloon

R

Non-warrantable co-ops

R

Under 5 units OK

R

No prepay available

R

Mixed-use OK

R

Cross-collateral

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Underlying Co-op Mortgages
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