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It’s the capital improvement every co-op and condo board dreads: elevator repair or replacement
that had taken up residence inside, I got on the board to refinance, do capital improvements to install
windows,” adds Afrim Pocesta, the company’s director of capital projects management. “This comes from our
with capital projects, contracts, maybe refinancing the underlying mortgage – big, time-sensitive issues
retrofit measures to consider, ranging from capital-intensive measures best implemented when a building
would think, ‘I can’t give them a loan.’”  Fink turned to the Manhattan-based Brick Capital Group
to cover a capital improvement project. If the project can’t wait and isn’t just cosmetic, then that needs
, architects, engineers, attorneys, younger families. We’re always seeking middle ground on capital planning
capital. A partner lending institution then makes loans to finance improvements that reduce a building
; and a line item of at least 10 percent of the budget for replacement of reserves for capital expenditures

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Learn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments

Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise

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