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If you own an apartment in the
New York City area, chances are it is a co-op
rather than a condo. This is a type of ownership
in which the residents of a multi-unit housing
complex own shares in a corporation (the cooperative corporation)
that owns the building, giving each resident
the right to occupy a specific apartment or
unit. Cooperatives shareholders qualify for certain
tax-benefits such as deductions for the interest portion of their maintenance
payments.
Winter & Company will expertly assist your
co-op in the refinancing of its underlying
mortgage. Part of our service includes giving
advice as to the best possible terms and structure
for your mortgage, credit line, or mortgage/credit
line combination. We have handled hundreds
of co-op underlying mortgage transactions over
the past 15 years; therefore we bring a great
deal of market knowledge, skill and experience
to each assignment. We work with every Lender
active in lending to co-op corporations, and
we take great pride in negotiating the best
possible terms for our underlying mortgage
clients.
For
a checklist of items
click here
To
see recent underlying mortgage transactions
click here
For
a New York Times article on Refinancing a
Co-op’s Mortgage, click here |
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