{"specialty":{"slug":"co-op","category":"property_type","label":"Co-op","description":"Buying shares in a housing cooperative corporation rather than real property, common in New York City.","synonyms":["co-op","coop","cooperative","housing cooperative","share loan"],"why_hard":"Few lenders make share loans, and the co-op board sets its own financing and debt-to-income rules on top of the lender's.","questions_to_ask":["Do you lend on co-op shares in this building, or have you before?","How do you coordinate with the co-op board package and recognition agreement?","What maximum financing does this building allow?"],"canonical_url":"https://lendb.ai/s/co-op","api_url":"https://lendb.ai/api/v1/specialties/co-op"}}