Most cooperatives are financed by individual mortgages on the individual cooperative owners' units.

Name: Most cooperatives are financed by individual mortgages on the individual cooperative owners' units.
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Cooperatives are typically financed through a collective mortgage covering the entire building or complex, not individual mortgages on each unit. Owners buy shares in the cooperative corporation that owns the property, rather than owning real estate directly.

Most Cooperatives Are Financed by Individual Mortgages on the Individual