Financing in 10016 : Real Estate Advice

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Jennifer, Home Buyer in Bronxville, NY
Jennifer asked:
What's the best way to find a bank that will finance a co-op apartment? The sponsor selling the co-op apartment already owns 49% of the apartments in that building so I am having trouble finding a bank that will finance it. Can anyone give me advice on what…
0 votes Share Flag Fri Jun 10, 2016 Financing in 10016
Peter Brown, Real Estate Pro in Melville, NY
Peter Brown answered:
Banks that will refinance a non-owner occupied co-op in NYC
There is one bank in the TriState area which will finance an investment cooperative that I am aware of. The rates are not market rates. You would be looking at paying at least a point h ... more
0 votes Share Flag Tue Jan 31, 2012 Financing in 10016
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