As a company that specializes in co-op financing, we have emerged as the leading company offering Non-Warrantable Co-Op financing for those buildings that do not meet Fannie Mae and Freddie Mac lending guidelines.

Here are a few ways that make a building non-warrantable:

• The project is still in the construction stage, meaning it has not yet been completed.
• The developer of the co-op must transfer control to the actual owners.
• A significant portion of the homes in the co-op are occupied by non-owners.
• The community permits various types of short-term rentals.
• A single indivisual or entity owns more than 10% of the total number of homes in the community.
• The property owners and/or developers are engaged in litigation concerning the property.

Key Program Highlights:

• Loan sizes up to $5,000,000, including the option for cash-out refinances with no cap on cash in hand.
• No seasoning required for cash-out refinances, allowing you to access your funds without any restrictions.
• Cash-out is allowed on investment units, giving you the flexibility to use your property as an investment tool.
• Loan-to-value ratios (LTVs) can go up to 80% providing you with a higher borrowing capacity.
• We consider all reasons for non-warrantibility, except for cases involving structural or construction litigation.
• Gifted down payments and reserves are allowed, including for investment purposes, making it easier for you to secure financing.
• We facilitate LLC closings for investment units, ensuring a smooth and efficient process for your real estate investments.
• We welcome borrowers with no credit history, as well as those with work visas, EAD/work authorizations, and foreign nationals.
• Units under 500 square feet are also eligible for financing, allowing you to explore a wide range of property options.