Mortgage Lender for Coop with Spotty Financials
Started by anonymous
over 10 years ago
Discussion about
'/%3e%3c/g%3e%3c/svg%3e)
Hi all, I purchased a prewar coop apartment with 22 units in NYC in cash, and the building has some spotty financials (low monthly maintenance combined with an unexpected boiler breakdown depleted the reserves a couple of years ago). The financials are on the mend, but I'd love to take out a mortgage sooner rather than later to lock in rates and begin doing some renovations. Does anyone have a recommendation on NYC lenders that have a more holistic approach? Appreciate any insight or advice from those who have been through this sort of situation.