Check This Video for Tips From Brownstoner Webinar 'Buying a Condo/Co-op in Brooklyn'

Curious to see what options are available when securing a loan for a new-development condo, resale condo or co-op apartment?

Then check out this free webinar “Tips on Buying a Condo/Co-op in Brooklyn.”

The webinar, part of the Brownstoner Home Event Series, features Brian Scott Cohen, a senior loan originator at GR Affinity; Andrew Luftig, partner at law firm Chaves, Perlowitz & Luftig; and Vanessa Connolly, sales manager with The Aguayo Team at Brown Harris Stevens.

Cohen, when asked about people’s misconceptions about getting financing, said, “Properties are 50 percent of the battle in the New York market. A lot of times clients come to us and say ‘I have my approval from XYZ.’ And I always say that’s great. What do they know about the building? And they say, ‘I don’t know — nothing?’ I say that’s a problem. So 50 percent of the approval process is the buyer, the other 50 percent is the building.”

Andrew Luftig concurred. “With new-development buyers, we have an offering plan, a prospectus that the sponsor’s attorney drafted and was approved by the Attorney General’s office — which is great, but just because it was approved doesn’t mean the building’s perfect. That’s where we come in — to review and analyze and really teach the clients.”

Said Vanessa Connolly, “That’s why it’s important to have a team in place that knows the local market.”

Sponsors include GR Affinity, Chaves, Perlowitz & Luftig and The Aguayo Team at Brown Harris Stevens.

To learn about sponsorship opportunities for Brownstoner webinars, please get in touch here

Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC

GR Affinity NMLS: 1598647, Brian Scott Cohen NMLS: 410024 [348 West 14th Street, Floor 2 New York, NY 10014] Equal Housing Lender. For licensing, go to www.nmlsconsumeraccess.org.

[Photos via Unsplash]