Finance and Escrow August 3, 2023

What is a Housing Co-op?

I was looking at homes for sale and saw a really nice condo. Reading the private notes, I learned the property was a Co-op. I managed Co-ops for 12-years when I moved to California. I’m very familiar with how they work. Since you’re not actually buying the unit, financing is very hard to come by. If  buying a Co-op is of interest to you, I found an article from National Cooperative Bank that might help. They provide financing for Co-Op purchases.

You can find the article by clicking here:  What is a Housing Co-Op?