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, on the recommendation of a residential broker, sent them to Patrick Niland, president of First Funding, a mortgage
that often leads a co-op to one solution: refinancing its underlying mortgage. But before making the deal
a million dollars in the building's reserve account that it may seem extravagant to ask shareholders to add ... and brokers will look at everything from reserve funds to pet policies, but rarely does anyone inquire
  The only way to cover the $14.5 million price tag would be to refinance the mortgage

The Perfect Storm UNABRIDGED

Magazine Article by Bill Morris on October 01, 2008

. This storm was made up of terrifying elements – stratospheric heating bills, an onerous mortgage, inflated ... Management Mortgages Boilers

A Matter of Principle…or Pettiness? UNABRIDGED

Magazine Article by Frank Lovece on October 01, 2008

, pressure to begin green initiatives, and an uncertain mortgage market? Keeping decorations off apartment

The Consequences of Conversation UNABRIDGED

Magazine Article by Joel E. Miller on October 01, 2008

an apartment nor auxiliary to residential use. The premises are subject to a mortgage held by Gracious Lender ... Ask the Attorney
the building's underlying mortgage by taking on two concurrent loans to pay it off: a fixed-rate, interest
! Thorough preparation makes a big difference.   Patrick B. Niland, a mortgage broker, is the principal ... Refinancing Your Mortgage, p.2
verification form asks your existing lender for information regarding your co-op's current loan (lender ... Refinancing an underlying mortgage is a complex process, one that requires ... Refinancing Your Mortgage: A Primer

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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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