Written & reviewed by Stephen A. Sobin, President of Select Commercial Funding LLC
Cooperative
Underlying Co-op Financing
Select Commercial arranges underlying cooperative financing, the blanket mortgage secured by the underlying real estate of a co-op apartment building. These loans refinance the corporation’s existing underlying mortgage, fund capital improvements, or replace maturing debt, from $1,500,000.
Get a Free QuoteFinancing for Cooperative Corporations
A residential cooperative is owned by a corporation whose shareholders hold proprietary leases to their units. The corporation carries an underlying mortgage on the whole building, separate from any share loans held by individual residents. We arrange and refinance these underlying loans for co-op boards and managing agents, underwriting the building’s maintenance income, reserves and physical condition. Terms are structured to protect the corporation’s cash flow and support long-term building operations.
Financing Options in Commercial
Commercial apartment, multifamily and commercial properties each have dedicated financing. Pick the page that matches your property:
Financing in another state? Explore our apartment loans, multifamily loans and commercial mortgages nationwide.
What Our Clients Say
“As a real estate attorney, I trust that Select Commercial will deliver commercial mortgages in a timely manner. My clients are always handled professionally, and the rates and terms are excellent. I heartily recommend them.”
David S. · New York City“I needed an SBA loan and found Select Commercial. It was obvious Stephen knew everything about commercial loans. If you are starting a small business, definitely give them a call.”
Larry S. · Washington, DC“Select Commercial was very helpful with my commercial mortgage. I needed to increase cash flow due to maintenance on my property. Stephen went over several options and got me the funds while lowering my payments.”
Gary M. · Portland, OR“Select Commercial offered 100% financing for my medical practice when my bank would have required 20% down. They delivered something my bank could not, and handled everything professionally.”
John C. · Boston, MAGet a Free Quote
No cost, no obligation. Written answers within 48 hours on loans from $1,500,000.
- No application or processing fees
- Written answers within 48 hours
- For 5+ unit and commercial properties, $1.5M and up