Co-Ops/ Cooperatives Financing in Florida

[Jorge Armas]

Hello BP,

I had the opportunity to start my REI journey by buying a Co-Op apartment close to the beach a few months ago. I bought it in cash since it seems most banks don't work with Co-Ops. I did a HELOC on my primary property to buy this one, which I rent and the cash flow is good. Now I have the opportunity to buy another co-op (the one next to mine), but I don't have more cash, maybe I can apply for another HELOC to get around $100K, but still will be short for $50K since the asking price is $150K.

Do you know any Lender that works with Co-Ops? Do you think I should go the Hard Money Lending route? 

Any guidance in this matter will be greatly appreciated.

Thank you!