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StreetEasy Discussions
Where New Yorkers come together to discuss real estate
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Financing
Underlying Co-Op Debt/Mortgage
Updated over 6 years agoHow worried should we be about buying into a a building with $20MM in an interest only mortgage? It's a large building upper east side coop (~200 units) and the... -
Financing
Renovation mortgage
Updated over 6 years agoDoes anyone have any insight on how easy or difficult it is to get a renovation mortgage, ie a mortgage that covers the purchase and the renovation costs? And how... -
Financing
Apartment Hunt - Good/Bad Credit
Updated almost 7 years agoI want to find an apartment with my boyfriend. We’d really like to move in with each other. We’re facing a weird situation. I make a decent salary of ($120K) but have... -
Financing
Thoughts on my crazy coop conversion idea
Updated almost 7 years agoI saw an ad for a browstone with 8 vacant market rated rentals. My crazy idea is to find 7 like minded buyers and convert ourselves with liberal house rules: pied a... -
Financing
Mortgage decline- roof repair and lawsuit
Updated almost 7 years agoHi- I was just turned down for a mortgage and told no bank will lend here until the roof is replaced and the litigation is settled. Anyone have luck getting a bank to... -
Financing
Financing for coop investment
Updated over 7 years agoCan anyone recommend a lender who will finance a coop investment? This coop is investor friendly and allows renting from day 1. I've already spoken to conventional... -
Financing
Doing a rate lock with multiple lenders
Updated over 7 years agoLet's say you are closing on a place in approximately 45 days. Obviously, various lenders offer various rate lock provisions for various lengths of time. Some will...