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Category: Finance

Finance Co-ops, Condos, HOAs & PPP Loans
Co-ops, Condos, HOAs & PPP Loans

While individuals and businesses across the country and around the globe attempt to maintain some semblance of stability in a world reeling from the medical, emotional, social, and economic devastation of the coronavirus pandemic, identifyi…

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Finance Coronavirus & the NYC Market
March 20, 2020 Coronavirus & the NYC Market

First and foremost, we hope you are staying safe and healthy. We are obviously living through unprecedented times, and are taking things day by day. Our goal is to keep you updated on what we are experiencing, reading and learning - which a…

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Finance FHA Eases Financing Regs
FHA Eases Financing Regs

The Federal Housing Administration (FHA), which insures mortgages made by private lenders and banks, will ease condo financing regulations to open up homeownership for more first-time buyers, effective October 15, reports Yahoo! Finance.…

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Finance Protecting Your  Reserve Funds
2019 October Protecting Your Reserve Funds

With the stock market chugging along and the Great Recession of the late 'aughts in the rearview, the question might occur to some financially-savvy board members: Are our building's cash reserve assets performing at their best? Could they …

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Finance The New York City Department of Finance
2019 October The New York City Department of Finance

The New York City Department of Finance (DOF) is the city's revenue service, taxing authority and recorder of deeds. It collects more than $39 billion (yes, with a 'b') per year in revenue, and values more than 1 million properties collecti…

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Finance Paying off Underlying Mortgages
Paying off Underlying Mortgages

In the hybrid part-owner/part-tenant world of co-op living, there exists an interesting and unique financial instrument: the underlying permanent mortgage . Part of the overall financing structure for any co-op, the underlying mortgage …

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