Here is what our clients told us.

“Jack Boyajian and his firm were the answer to our conversion challenges as a share cooperative. For many years, we had tried to complete a conversion to condominiums with no success. Jacks intelligence, extensive knowledge and experience in the legal and financial aspects of the transaction were the key to us accomplishing our goal. We are now a Fannie Mae-approved condominium project, and are already enjoying significant increases in our property values.”

“The complexity of our deal was unparalleled. Jack Boyajian performed an absolutely excellent job. He covered, with great success, our financial needs, our legal problems with some dissenters, and led us to a painless conversion. I would highly recommend him because he exceeded our expectations in every single aspect. He is a very bright workaholic.”

“I could not have been more satisfied with our decision to use Jack Boyajian and the Hutton Group to complete our conversion. I would overwhelmingly recommend their services. Mr. Boyajian and the Hutton Group set the bar for the cooperative conversion business and no other consultant I interviewed demonstrated a fraction of his experience, knowledge and ability.”

“Hutton really is the SPECIALIST in converting coops to condominiums. I only wish our community had used them initially as it would have saved us money, time and lost opportunities. What could not be done by the other consultant in six (6) years was completed by Hutton within six (6) months.”

“[They] really did save our community and after seeing the work The Hutton Group put into our conversion, residents told me the fee was not only well worth it, but after they noted the conversion process, they stated that we never could have accomplished conversion without The Hutton Group.”

“Because of our contract with The Hutton Group, Geddes Lake has stabilized property values in a declining market, raised $2M of capital to replace our roofs and given our community a fresh start. I highly recommend The Hutton Group to any coop community who sees the potential to improve the value of their property by converting to condominiums.”

“I was very satisfied with the conversion of my co-op to a condominium”

“To The Hutton Group staff: You and your colleagues working down in the trenches are owed acknowledgement, & recognition for the tenacity in getting through, over, and around multiple adversities on the way to the end. We thank you and your work mates”

“Our shareholders can now enjoy higher and more stable values and we can now finance our units through FHA and Fannie Mae. As a cooperative, we had no financing for our units, making it very difficult for anyone to buy into our unique community.”

“Thanks for all the hard work the The Hutton Group team put into our conversion.”

“How can we begin to thank you for the Miracle of converting our co-operative into a successful condominium? What we thought was impossible. We never dreamed after years of struggling to convert our co-op that your staff would make the conversion a reality. Given the complex and size of the project, everything you told the shareholders you would do you did and more. For that we are grateful.”

“Bella Vista cooperative had devalued to unbelievably low prices. The board was hesitant about the success of conversion to condominiums as the property had a majority shareholder. The Hutton Group managed successfully the details of all shareholders. Property value has more than tripled, units are selling at prices way above those initially projected. Furthermore, The Hutton Group has left Bella Vista Manor fully funded, enough for major improvements to the property. All this and in a really unexpected timeframe. The Hutton Group, the ultimate expertise in property conversion.”

“Im happy to report that our conversion experience showed The Hutton Group to be professional, committed to our project, knowledgeable and fortified with the experience that only comes from having successfully converted other associations.”

“The Conversion to Condo was WONDERFUL! I am very happy! It is a very positive thing for the community. As a Co-op it was very difficult to sell. Units would sit on the market for months. Now, as a Condo they sell in a matter of days - if not hours. There is nothing negative to say about the results of converting.”

“I for one was skeptical of the entire process of converting from Co-op to Condo, questioning and mostly fighting against every detail—especially the costs involved to shareholders who already were stretched to the very limit. However, Ill be the first to say that converting to Condo was a huge success and entirely beneficial to our owners. Weve seen selling prices go up beyond The Hutton Group's estimates, units have been selling quickly, and there seems to be a demand for units in our complex.”

“We were in a never-ending spiral of few sales and low prices. Shareholders could not afford to sell their shares and the only recourse was renting. This resulted in individuals living in our units who did not have the same concern for our community. This lack of concern caused additional problems, which had a negative impact on the few sales that did occur. We needed an exit strategy that would increase values and sales. The Hutton Group provided that solution and we now are experiencing a minimum of double our previous sales. Five star rating to The Hutton Group!”

“The positive results of the conversion are simply undeniable. Our units have increased in value by over 200% overnight. One unit was sold to an owner occupant for three (3) times the co-op price paid only a year prior. Our new association is now Fannie Mae approved with unlimited lenders offering attractive programs and lower interest rates. The Hutton Group guided us through the entire process and put us on a solid footing with updated governing documents, a realistic operating budget and a new replacement reserve study. Your no-risk, no-upfront-fee program is reason enough to let shareholders decide for themselves as to the benefits and costs of a co-op to condo conversion.”

“You had all the facts and research at your fingertips, and as a realtor, I was familiar with other buildings in Hackensack that you successfully converted. Once the Board approved the proposal and hired your company to represent us in this conversion, it was a whirlwind meetings, discussions, and phone calls. What does amaze me is that The Hutton Group completed our conversion in approx 6 months when, in most instances, this entire process can take better than one year to consummate. I commend everyone involved in this conversion for your patience, professionalism, and your turn around time to get this conversion completed—you jumped through hoops to assist everyone. Many thanks for all your fine work in making the Frontenac conversion a reality.”

“As a Co-op, Harbor Towers was in pretty bad shape financially. We could not sell units for more than $20,000 and there was zero bank financing available. Things were not looking good for the building.”

“I am very proud of The Hutton Group for the hard work that they did in converting Harbor Towers to a condominium. This was a very difficult conversion because we only had a 15% owner-occupancy ratio at the time. Now we have plenty of bank financing and market values have risen tremendously. We also raised the extra money necessary to replace our windows and to repair the elevator system. Thank you The Hutton Group!”

“While I understood the benefits of converting my coop to condo. I was surprised by how smoothly the paper work part of the process went. The Hutton Group professional guidance prepared our association for the transition from Coop to Condo.”

“Our building suffered greatly from low prices, lack of funds and low owner interest and participation. We are now in great shap thanks to The Hutton Group. We have our building back in control. There are more owners in the building and we enjoy a terrific market acceptance of our condo units.”

“Financing was always difficult to obtain as a Cooperative. Banks were unwilling to lend money based upon their past unfavorable experiences with Co-ops.”

“Literally overnight, our equity has substantially increased and the number of sales we have had since our conversion surpass any sales volume since our original conversion to Co-op 20 years ago.”

“Prices have increased dramatically after the Conversion. Two Bedroom co-ops that once sold for $40K are now selling for $150K. A one bedroom co-op sold at $19K just before the conversion now as Condos they are selling in the $100K range. Thanks The Hutton Group for making this happen.”

“The Hutton Group are true experts in their field. No one else would have been able to manage the difficulties we faced in the conversion. The Hutton Group saved my investment from sheer disaster and turned it into a goldmine. I simply cannot say enough about the positive impact the conversion to condominium has made in our community.”

“Hutton made the conversion of our building to a condominium a reality despite the difficulties caused by the current state of the economy, changing regulations and the mortgage market. The team at Hutton is professional, competent and superbly effective in getting the job done.”

“We wanted to own our units with individual deeds. We knew The Hutton Group were the experts and they addressed every issue with detailed precision. Those who financed were able to secure low-rate Fannie Mae loans based on full condominium values that appraised at prices much higher than as co-ops.”

“Despite the obstacles we faced, Hutton worked diligently to achieve our stated goals: Convert to condominiums, increase property values, provide open financing options and reduce monthly housing costs. They worked with each owner to address individual circumstances and they eventually got enough of our members the financing they needed to become condominium owners. They did everything they said they would do and then some.”

“We were struggling with no market for our units and a very large and expensive underlying mortgage with HUD. Hutton helped convert our units to condos with Fannie Mae financing, and now our units are finally marketable. If it wasn't for Hutton's tenacity and persistence, we would not have achieved our conversion plan. Even when it seemed impossible, Jack Boyajian and the Hutton team kept fighting for us.”