An autonomous association of individual people united voluntarily to meet their needs and aspirations through a jointly-owned enterprise.
A cooperative, or co-op, is an autonomous association of individual people united voluntarily to meet their common economic, social, and/or cultural needs and aspirations through a jointly-owned enterprise. Each person carries an equal share of the co-op.
In mortgage financing, a housing co-op is a group (such as a corporation) that owns real estate. Each member of the co-op has an equal share in the group, which grants them a lease in the building.
JVM Lending does not currently offer co-op financing.