Forest Hills is a prime location for people who want luxury living within walking distance of parks and playgrounds, schools, dining, entertainment and shopping. Located in the heart of Forest Hills is Gerard Towers, a high-end cooperative apartment building, offering residents world-class amenities. It also offers the convenience of being a short walk away from mass transit for an easy commute into Manhattan for work or for leisure activities. Financing through MortgageDepot can make the dream of becoming an owner in Gerard Towers a reality.
The unique nature of cooperative ownership
Unlike single-family homes and condominiums, buyers of co-ops do not receive a deed as evidence of their ownership. Instead, shares of stock in the corporation that owns the building in which the apartment is located are issued to the buyer. Owners of the shares are entitled to occupy a unit within the building under the terms of a proprietary lease.
Gerard Towers stands out in an outstanding community
Co-ops are a popular form of ownership in Forest Hills and other communities throughout Queens. Gerard Towers is one of the most popular and highly coveted co-op properties with amenities that include:
- Around-the-clock doorman services.
- Fitness center
- Swimming pool
- Children’s playroom
- Valet parking
The building’s location and the amenities make demand for apartments in Gerard Towers extremely high.
MortgageDepot offers financing options
We match borrowers with the right type of financing and with a lender offering the best terms. Buyers interested in Gerard Towers can be prequalified for financing, so there is no delay when an apartment goes on the market. Financing options include:
- Non-occupying co-borrower for coops (great program when parents want to buy a coop for their children)
- Loans for foreign nationals for coops
- Jumbo loans for coops (cheap rates for Jumbo loans on coop financing)
Our experience financing units in Gerard Towers means borrowers avoid the delays and inconvenience that occur when cooperative properties must be approved by lenders.
Contact our office for more information about financing at the Gerrard Towers.