Investment Co-op Refinance Loan Program An Investment Co-op Refinance allows owners of non-owner-occupied co-op units to refinance an existing mortgage on a cooperative apartment held as an investment or rental property. Because co-ops have unique ownership structures and stricter building rules, refinancing an investment co-op requires specialized lenders and experience. This program is ideal for investors looking to lower their rate, reduce monthly payments, or restructure their loan terms on a co-op property
Who Is This Program For? You may qualify for an investment co-op refinance if you: Own a co-op apartment used as a rental or investment Have board approval for subletting Want to lower your interest rate or monthly payment Want to switch loan terms (ARM to fixed, or vice versa) Have strong credit and financial reserves
Key Considerations for Investment Co-ops Investment co-op refinancing depends on: Co-op board rules and approval Building financial health and reserves Maximum allowed financing per building Investor and sublet policies Lender-specific co-op guidelines Not all lenders finance investment co-ops, making proper lender selection critical.
Key Benefits Refinance higher-rate or older co-op loans Flexible loan structures through portfolio lenders Options for fixed or adjustable rates Available for long-term investment strategies Designed for NYC and urban co-op markets
What to Expect Investment co-op refinances typically require: Strong credit profile Income and asset documentation (or alternative programs, if available) Co-op board package and approval Appraisal or market valuation (program dependent) Rates and terms may differ from owner-occupied co-op loans due to investment use.