Lenders Tighten up Standards for Co-op Loans
The Real Deal 2008, Oct 3
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Publisher Description
Byline: David Jones While co-op boards started rejecting Wall Street buyers because of their shaky job security at the start of the downturn, it now appears that buyers are getting rejected for another reason. Increasingly, lenders are denying buyers who are looking to get into a co-op when the co-op can't prove that its financial house is in order.
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