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Talk » Sales » Discussing 'Where to get financing for investment in a co-op'
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Where to get financing for investment in a co-op
3 comments
warren123
about 6 months ago
Posts: 0
Member since: Mar 2011
Hello, I am looking to purchase a co-op for investment purposes but seems like most banks won't provide a loan because Freddie and Fannie don't allow financing for co-op as an investment property.
Anyone has any advice about what are some other ways to get financing? Through commercial lenders or private lenders? Any contacts will be appreciated. Thank you.
sjketterer
about 6 months ago
Posts: 2
Member since: Sep 2010
We financed our co-op through HSBC. Our mortgage guy there was terrific: Joe Dalessio, 212-378-1915. Very responsive and imaginative. Highly recommend him!
Steve
zzhao
about 6 months ago
Posts: 10
Member since: Jun 2009
you might be better off looking at condos. co-op have strict rental policies unless you get a sponsor unit.
Hello, I am looking to purchase a co-op for investment purposes but seems like most banks won't provide a loan because Freddie and Fannie don't allow financing for co-op as an investment property.
Anyone has any advice about what are some other ways to get financing? Through commercial lenders or private lenders? Any contacts will be appreciated. Thank you.
We financed our co-op through HSBC. Our mortgage guy there was terrific: Joe Dalessio, 212-378-1915. Very responsive and imaginative. Highly recommend him!
Steve
you might be better off looking at condos. co-op have strict rental policies unless you get a sponsor unit.