SILICON VALLEY CO-OP CONVERTED TO CONDO TWIN PINES CONDOMINIUMS Property Information Location 835 Pomeroy Ave. Santa Clara, CA 95051 SANTA CLARA COUNTY Number of units 80 Converted to Condo 2014 As a Co-op As a Condo 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. After conversion, all units in the commu- nity received unit deeds as unrestricted condos and unit sales soared immediate- ly with prices nearly doubling. 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. Hutton was able to secure Fannie Mae approval and membe

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