Ask the Experts: All About Co-op/Condo Borrowing

Pat Niland

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Pat Niland
First Funding of New York
pat@firstfunding.com

Finance Introduction

How do arrears impact our borrowing ability?

Can a condo association borrow money?

What about interest-only loans?

How do we know when we have a deal?

What challenges do small buildings face?

How much does it cost to refinance?

How are condo loans structured?

What are some condo borrowing strategies?

What’s self-liquidating financing?

How much money can a condo association borrow?

Is our building “loan worthy”?