If the sponsor owns more than 30 percent it may be futile to shop around, say mortgage brokers.
The sponsor still owns 10 of the 16 apartments.
But the sponsor still owned two-thirds of the votes.
The sponsor currently owns 59 of the 288 units in the building.
There are about 65 apartments in the co-op, and the sponsor owns at least 25 percent of them.
No corporate sponsor owns the naming rights to the arena.
Even where sponsors own most of the shares, there are not necessarily problems.
The sponsor currently owns seven condo units in the building.
Another critical consideration is the sponsor's financial status, which must be disclosed if the sponsor still owns more than 10 percent of the units.
The sponsor still owns about 475 apartments, or 45 percent of the total.