In 8 to 10 years, many co-op mortgages that locked in historically low interest rates prior to 2022 will come due - and given current trends, shareholders looking to refinance at that time will very likely face substantially higher costs to borrow. Cooperative corporations looking to refinance underlying mortgages will find themselves in the same boat - and higher rates could lead to big maintenance increases for those same residents. This informative webinar will dig into the financial implications for boards and shareholders, and offer practical tips for how incremental maintenance increases now can keep co-ops solvent and stable while avoiding costly arrearages in the fast-approaching future.
The Cooperator Events presents: Easy Does It - Refinancing, Interest Rates, & Maintenance Increases A Virtual Town Hall Sponsored by Czarnowski & Beer LLP
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