Co-Op Loans

March 09th, 2010

NYC Co-Op Loan Programs

If you are buying an apartment in New York City, nearly 70% of the time you are buying a co-op. The problem is, 90% of all lenders don’t even know where to begin when it comes to financing cooperative housing, and the last thing you need to tell the board is that closing will be delayed while your mortgage company gets their act together. That’s why it makes sense to speak to the local leader in jumbo NYC co-op loans, the Private Client Group at ELG.

We are focused on co-op loans from $1 Million to $23MM or more, delivering innovative financing options for co-ops that conventional banks simply cannot, such as:

  • Pledged Asset Financing for Co-Ops
  • No Verification Loans for Co-Ops
  • Stated Income Co-Op Loans
  • Negative amortization or option ARM loans for Co-Ops*
  • Kiddy Co-Op Loans (for offspring)
  • Co-op mortgages for the First Time Homebuyer
  • Part Time Residence / Vacation Home financing
  • Specialized in Jumbo Loan Amounts

Call us today at (212)655-3086

$1MM to $50MM+ Financing | Call (800)290-4770 ext.1

FEATURED PROGRAM:  Pledged Asset Mortgage
Borrow against liquid assets, including CDs, stocks & bonds to finance up to 100% of your home's value   No Capital Gains! OK

FEATURED PROGRAM: Single Close Construction Loan
100% Loan To Cost Financing. Make no payments thru completion. Only lender w/ 1.25% Cash Flow ARM end loan.   New or Renovation OK

FEATURED PROGRAM: Hotel Condo Financing
Unbeatable second home pricing on condotels in most major markets nationwide.   Interest Only OK

FEATURED PROGRAM: Foreign National Loans
Purchase or Refinance real estate in the USA w/ as little as 25% down. No income verification.   Most Visa Types OK

FEATURED PROGRAM: True Equity Based Loans
Borrow up to $22M w/ no down payment using home equity. Use bank statements to verify ability to repay. 11.95% Rate.   Bad Credit OK

 
√ AMOUNT DESIRED   √ PURPOSE OF LOAN
 
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√ YOUR LAST NAME   √ PHONE NUMBER
 

Co-Op Loans News & Articles

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Co-Op Loans in 50 states nationwide unless otherwise noted. | 3rd Party Articles

 

looking for

a co-op loan?

 

when you need

to finance a co-op

 

you need

to see a specialist

co-ops

are our specialty

retail

banks can't compete

NYC

we are local

NYC

we are local

1(212)655-3086

Desired Loan Amount

Purpose of Loan

Your Last Name

Telephone Number

--

volume

Over $6 Billion in Total Loan Volume
Originated over the past 24 months

co-ops are our specialty

$1 Million to $50MM+ Mortgages
Refinance & Purchase (Commercial to $500MM)
We finance units as well as buildings

bespoke private bank financing

Relationships with the world's leading private banks, institutional & hedge fund investors allows you to obtain financing tailored for the NYC co-op market

we know co-ops

most lenders simply don't know where to start when it comes to co-ops, but we've been wading through financials & financing units here for years

$1MM to $50MM Mortgage Specialists

the only lending group specialized in financing high net worth individuals. 100% of our NYC private client group lending is in jumbo & multi million dollar loans

studios OK, penthouses too

limited square footage shouldn't limit your financing options. we accommodate petite properties as well as the profound.

all uses OK

we will finance co-ops that you live in personally as a primary residence or second home, and we offer investment co-op loans if you rent them out

kiddy co-op loans OK

we will finance units with parents buying for children or acting as co-signors / guarantors with no increase to rate

1st time buyer

making the switch from renting to owning your own co-op is a big step, which is why we offer special programs to support first time buyers

negative pledge

available to highly qualified applicants on purchase of $10MM or more
enquire for more information on eligibility

direct to customer only

We work directly with home owners, co-op boards, financial advisors & real estate brokers. We do NOT pay YSP/Points to mortgage brokers, referral only

confidential lending

we are a company which is founded on the precepts of absolute client confidentiality, and we go to great lengths to ensure your privacy from end to end

aggressive full documentation lending

refinance & cash out more money than you thought possible, or purchase property with less money down.

flexible income verification

take advantage of your substantial liquid assets to qualify with no income verification, even for super jumbo co-op loans

resourceful

complex transactions that your bank won't entertain are our bread & butter. Borrow against stocks, vest title in a corporation / LLC, or manage assets in trust

cooperative approach

our highly qualified private client team works closely with your team of managers, accountants, attorneys & family offices to ensure a smooth transaction

self employed? OK!

unlike retail banks, we excel in financing business owners, CEOs, executives, artists, entertainers, traders & independent contractors from all walks of life

finance professionals

investment bankers, traders & brokers with substantial bonus or commission income are well served by our common sense portfolio underwriting

doctors & medical professionals

specializing in handling deferred student loan issues for members of the medical profession. private practice OK. MD / DO required.

professional athletes

we serve as financier to many of the highest profile athletes in America across the NFL, NBA, USTA, MLB, NHL & PGA, in total confidentiality. Managers welcome

passive income

whether you are the beneficiary of a trust fund or derive income from investment or retirement accounts, we have tax efficient loans designed for passive earners

international investors

Take advantage of excellent exchange rates to buy real estate in the USA. Borrow up to USD$22M. Multilingual foreign national staff & translators.