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plant, perimeter concrete/asphalt replacement — took out a second mortgage for about $6 million. After
by a 2012 $5 million refinance deal on the co-op's mortgage that took advantage of low interest rates
shareholders don’t have bottomless pockets. On the plus side, when the board refinanced its mortgage for $1
tumble of stock markets around the world — jittery co-op and condo boards in New York City are asking
things I always ask is, “How did you hear about us? And what do you like about the building?” They bring
options that would have satisfied the law. “The question is, why are we doing this?” asks Stuart Brent
didn’t have a super, she even took on that job.  “When a shareholder asks a question, I want to have
that save $50,000 a year. By refinancing the mortgage, Longacre slashed its interest rate from 6 to 3
It’s a long way from tiny Taylor, Texas, to downtown Manhattan. Just ask Doug Moss. He grew up
.  “Fortunately, we were underleveraged and had only a $2 million mortgage, which made it easy for us to get

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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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