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Updated over 7 years ago on . Most recent reply

Donnell Suares's profile image
Donnell Suares's profile image
Donnell Suares
  • Real Estate Attorney and Investor
  • from Brooklyn, New York
  • Member since Aug 7, 2016
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9
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3
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Donnell Suares's profile image
Donnell Suares's profile image
Donnell Suares
  • Real Estate Attorney and Investor
  • from Brooklyn, New York
  • Member since Aug 7, 2016
Connect
Donnell Suares
  • Real Estate Attorney and Investor
  • Brooklyn, NY
3
Votes |
9
Posts
Buying & Selling Real Estate

New York Investor Purchase of Coop

Donnell Suares
  • Real Estate Attorney and Investor
  • Brooklyn, NY
Posted

Hello,

I have the opportunity to purchase a one bedroom coop in Dyker Heights, Brooklyn.  The purchase price is 250k.  I would like to purchase for cash, rent it out and refinance (cash out) in a couple of months.  The problem is my mortgage broker told me there are no investor loans for coops.   Does anyone know of any financing for this particular type of situation?  Thank you.

Donnell

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