No - co-op share loans are exempt from mortgage recording tax because the buyer is purchasing shares in a corporation, not recording a mortgage against real property. This is a genuine cost advantage worth $15,000 - $50,000+ on typical Manhattan transactions. Highlight this exemption in your marketing materials to financially sophisticated buyers comparing co-ops against condos, where the full MRT applies.
From the seller playbook: Mortgage Recording Tax Impact on Buyer Incentives
This is general information, not legal, tax or accounting advice. Every situation is different. Talk to a licensed attorney, accountant or tax professional before you act.
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