Home Buying in 90019>Question Details

K, Home Buyer in Los Angeles, CA

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:


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 Thank Flag Link Sat Apr 5, 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 Thank Flag Link Thu Apr 3, 2014
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 Thank Flag Link Sat Jun 15, 2013
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 Thank Flag Link Wed Apr 30, 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 Thank Flag Link Tue Apr 29, 2008
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer