Co-op Board Reference Letters
A: When preparing a package for a Co-op board you want to be as professional as possible and present yourself in the best possible light. The most important aspects of the board package include your financial history, current job and liquid assets, and personal & professional letters of reference. For this post I will go over how your letters of reference should look before submitting the package to the board.
Below are 2 reference letters (1 personal & 1 professional) that were used in a past deal that the Co-op board ultimately accepted. To protect the privacy of the buyer, all names, numbers, and author of the letters are blacked out.
PERSONAL LETTER OF REFERENCE EXAMPLE
PROFESSIONAL LETTER OF REFERENCE EXAMPLE
Although I had to black out the names and numbers listed in the letter you should still be able to get a good idea of how the reference letter should be made. Keep it 3-4 paragraphs in length and have it typed up on a corporate letterhead with the author's signature at the bottom along with contact info. Good Luck!
Comments (3)
Thank you. I'm doing co-op board stuff for the first time and this was VERY helpful
Posted by Anne | June 11, 2007 2:02 PM
I am filling out a COOP packacge and was told that Business reference letters cannot be from colleagues w/in your own firm but should be clients or vendors? While I have very close client relationships it is quite awkard to approach them for a coop board rec... almost a conflict of interest in a way. Thoughts?
Posted by JAC | October 27, 2007 4:34 PM
Great! Helpful!
Posted by Eugene | May 5, 2009 3:51 PM