Lenders that offer HELOCs on Co-ops

[Chris Marte]

I'm currently shopping around for a lender that will offer 90% LTV on Co-ops. I know some of the bigger banks service HELOCs on Co-ops like Chase, Citi, BofA but their LTV is 70% I believe. Some lenders that offer 90% LTV don't service Co-ops.

Does anyone have a suggestion for a lender offering 90% LTV on Co-ops?

[Scott Wolf]

Originally posted by @Chris Marte:

Originally posted by @Scott Wolf:

Originally posted by @Chris Marte:

Originally posted by @Scott Wolf:

National Cooperative Bank https://www.ncb.coop/ should be able to help you @Chris Marte

Thanks for the suggestion. Unfortunately, NCB does not lend on co-ops.  

 Really?  You reached out to them?  If true, I'm very confused. This is directly from their website:

NCB offers Home Equity Loans and Lines of Credit for co-op unit owners

Sorry, maybe I confused them with Third Fed. I called more than four lenders yesterday so maybe I got it mixed up. Think NCB, Key, and Citi all do 80% LTV on co-ops.

Gotcha. That would be very confusing with Coop in their name and website. I think 90% LTV will be hard to accomplish with any bank. Good luck!