Twin Pines

“[They] really did save our community…we never could have accomplished conversion without Hutton […]"

Patty Urban

Geddes Lake (422 units)
Ann Arbor, MI
“The Hutton Group are true experts in their field…[They] saved my investment from sheer disaster and turned it into a goldmine […]"

Alan Antaki

Woodedge (81 units)
Edison, NJ
“[The Hutton Group] covered, with great success, our financial needs, our legal problems with some dissenters, and led us to a painless conversion […]"

Jose Perewozki

Laguna Lido (48 units)
Laguna Beach, CA
"We wanted to own our units with individual deeds and knew Hutton were the experts...they addressed every issue with detailed precision."

Roman Rozenberg

1543 W 1st St
Brooklyn, NY
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Twin Pines

2014

Santa Clara, California

Property Information

Location Santa Clara, California
Number of Units 80
Year Converted to Condo 2014

Before Conversion as a Co-op

Unit values were very low compared to similar condos in the area even though the community had gone from limited-equity to market –rate co-ops years back.
As a Co-op, owners had only one choice for la lender to provide financing with un-competitive terms which stifled unit sales, limited refinancing options and kept unit values depressed.
Units as co-ops were being foreclosed due to low values and lack of financing
After Conversion as a Condo
After conversion, all units in the community received unit deeds as unrestricted condos and unit sales soared immediately with prices nearly doubling.
Hutton was able to secure Fannie Mae approval and members can now refinance or sell/buy their units from thousands of lender options with the best terms.
After conversion, unit values nearly doubled and financing is abundantly available .
Results From the Converstion of 109 Lefferts
Value as a Cooperative (40% Increase) $230,000
Add: Obligation (Fees & Closing Costs)
Total Investment
Condominium Values after Conversion $445,000
Net Increase in Wealth (Equity) $215,000