Before you begin shopping for a new loan, your board of directors should assemble, review, and verify the following information. You will greatly improve your chances of getting the loan you want if you are knowledgeable about your property and able to provide complete and accurate documentation to support your application.
Read through the inaugural issue of Co-op Financing Quarterly, a publication created to discuss the complex financing issues that face co-op boards today. It is published not only for board members but also for the professionals who serve this dynamic industry as managing agents, attorneys, accountants, engineers, or other advisors.
Thinking of buying a co-op or condo? Already bought, and not sure how co-op/condo life and rules work? Learn all about purchasing a place and living in your new community. It's not like renting, and its not like owning a house. What's it like?