Co-op Loan Financing for Attorneys

This course, presented by seasoned real estate attorney Daniel Shlufman, will teach attorneys what mortgage lenders are looking for when making a loan on a cooperative unit. It will discuss the standard underwriting criteria as it relates to the coop project as well as certain important Fannie Mae rules that will need to be followed. By understanding the lender requirements, attorneys will be better able to assist their clients in navigating the cooperative loan process. It will also enable them to alert their clients to potential lending traps. After taking this course, attorneys will be much better versed in the unit lending situations that arise when a loan is made on a cooperative unit.

Learning Objectives:

1. Identify what mortgage lenders are looking for when making a loan on a cooperative unit
2. Review standard underwriting criteria, including important Fannie Mae rules to comply with
3. Navigate the cooperative loan process effectively in order to better assist your clients