If your building's mortgage is coming due soon, you're not alone — and you're definitely not prepared for what's coming. Don Einsidler, president of Einsidler Management, reveals the harsh reality facing co-op boards as interest rates skyrocket from the low threes to over six percent. Einsidler shares actual loan scenarios from his portfolio, explains why many boards are dangerously unaware of their loan maturity dates, and provides a roadmap for communicating these inevitable cost increases to shareholders.

If your mortgage was refinanced around 2015, this episode could save your building from budget disaster. Don't wait until the last minute to face the music. Habitat's Paula Chin conducts the interview.

How To Run Your Building: For Co-ops and Condos