Who finances co-ops in Los Angeles? Any realtors that specialize?

Asked by K, Los Angeles, CA Tue Apr 29, 2008

I'm interested in a co-op situation in LA: duplex, 4-plex, etc. I heard that CalFHA will not finance. Any special programs in the city of LA so that middle income people can get together on this?

Help the community by answering this question:

+ web reference
Web reference:


Brad Korb, Agent, Burbank, CA
Sat Apr 5, 2014
I have found the best source for financing co-ops is to find the past sales in the complex that you are buying in,there is usually 1-2 lenders that have lent in the project before & are very familiar with the project & will make it fairly easy to get a loan ! Good Luck !
0 votes
Chris Hendri…, Mortgage Broker Or Lender, Westlake Village, CA
Thu Apr 3, 2014
We can finance co-op's, for purchase or refinance- up to 80% of the purchase price or value. Give me a call, 818-665-6066.
0 votes
inna ivchenko, Agent, Calabasas, CA
Sat Jun 15, 2013
Any realtor can assist you to help/buy co-op, but every coop has its restrictions who can buy and with how much down payment. And only few lenders would be able to finance a coop( no FHA)
Yet, I never heard of duplex, 4-plex, etc. coops in LA, I'm curious, do you have an address?
0 votes
Revi Mendels…, , 90210
Wed Apr 30, 2008
I had a co-op listing last year and we referred people to Jessalyn Shuey of Maritime Mortgage
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
Email: Revi@ReviMendelsohn.com
Phone: 310-838-3056
Fax: 310-388-1101

Integrity, Reliability, and Outstanding Customer Service.
0 votes
Ron Deutsch, , Los Angeles, CA
Tue Apr 29, 2008
I can shed some light on this subject. Call or email me and I'd be happy to talk about this further with you.
Web Reference:  http://rd.la
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more