I am currently looking at a few condops for investment purposes in Manhattan. I have an excellent relationship with my bank, however they still require at least 30% down, because it s for investment, and because it s not a condo.
I only want to put down 20% for these transactions, anyone can recommend me somebody (my credit score and financials are good) ?
eslreb
about 13 months ago
Posts: 4
Member since: Jan 2012
Very few if any lenders will finance an investment coop so take the 70% financing and run with it.
I am currently looking at a few condops for investment purposes in Manhattan. I have an excellent relationship with my bank, however they still require at least 30% down, because it s for investment, and because it s not a condo.
I only want to put down 20% for these transactions, anyone can recommend me somebody (my credit score and financials are good) ?
Very few if any lenders will finance an investment coop so take the 70% financing and run with it.