You should not have to guess what banks need.
You should not be limited to only two lending banks.
You should not have to improvise owner communications.
Two banks currently dominate the NYC condo loan market.
Access to a larger field of qualified lenders can provide your board with more financing alternatives, greater negotiating leverage, and better-informed decisions. Numerous regional and national banks have extensive experience financing HomeOwners Associations that have financial structures similar to NYC condominiums. CondoCapSM can introduce your condominium to qualified lenders outside New York City that may be interested in financing your building.
Measure bank interest in your condo, Quickly.
We help you gauge informal bank interest in a loan to your condominium; you may receive responses from banks in three to five business days from completion of an initial questionnaire.
For Managing Agents.
CondoCapSM provides ample advance notice of required materials to avoid crunch time. We deliver loan analyses to help boards understand their options. We write loan information emails to unit owners, so you don't have to. We offer an optional administrative coordination fee for documented services—billed at fair market value and fully disclosed in writing.
Get the required unit owner approval.
Most NYC condominium declarations and bylaws require unit-owner approval before a Board of Managers can undertake a large loan. CondoCapSM understands unit-owner concerns and has developed letters and email communications that clearly and effectively address owner questions. If asked, we attend condominium general meetings.
Robert Schrijver
Founder, CondoCapFinancialSM
- Trinity School, NYC
- Wesleyan University
- Columbia Graduate School of Business
- 35 years Madison Avenue advertising executive
- 9 years Condo Board Vice President
- 12 years Co-op Board President
- 6 years Co-op Board Vice President