Co-op underlying mortgage refinancing options
Started by anonymous
almost 6 years ago
Discussion about
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What is the best way to go about refinancing an underlying mortgage on a co-op? $4MM balance, 100 units, solid financials, Manhattan. Who are the big lenders in this space? Work with a mortgage broker that specializes in this? Directly to a Wells Fargo or other big lender? Are closing costs still somewhat outsized for this type of loan? Lastly, what are spreads on loans like this (vs whatever is most relevant: 10 year treasury, 30-year jumbo rates)?