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Bank Loans for Small Co-Ops?

Posted by dailyheights on Tuesday 6 June 2006 at 12:52 am
raulism
RegularJoined: 07 Sep 2005
Posts: 113
Location: Prospect Place

I live in a coop and we need to renovate our brownstone facade. We don’t have an underlying mortgage, but we need to take out a loan. Has anyone else had to deal with this? What banks did you use, and what experience did you have?

I love living in a four unit coop, but so far we haven’t found a bank that knows how to deal with a small coop. To a bank, we’re just a tiny corporation with almost no income.

Coop Financing for Facade Renovation: read more in the Prospect Heights Message Boards

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