Yet, I never heard of duplex, 4-plex, etc. coops in LA, I'm curious, do you have an address?
Tel. 866/348-COOP (2667)Fax. 949/248-1473.
I believe that ultimately the National Co-Op Bank does all or most of the co-op financing.
They usually require a larger down payment than traditional lenders and their rates are not as competitive.
The upside is that Co-Ops generally sell for less than condo's, so you are likely able to get a pretty good deal on a co-op.
Best of Luck!
Revi Mendelsohn, Realtor
President's Circle Award Recipient
Coldwell Banker Beverly Hills East
9388 Santa Monica Blvd.
Beverly Hills, CA 90210
Integrity, Reliability, and Outstanding Customer Service.