Re: Re: Membership sale agreement questions | <– Date –> <– Thread –> |
From: Rob Sandelin (robsanmicrosoft.com) | |
Date: Mon, 18 Apr 94 17:08 CDT |
Stephen Hawthorne writes: >We've been dealing with the Self-Help Credit Union in Durham. and they >take us quite seriously, and are starting to deal with the Nat. >Cooperative Bank in Wash, DC. Incorporation is one way to get a good bank review. Other ways are by having purchase/sale agreements in hand for substantial number of the proposed units, Doing a pre-qualification screening based on banks criteria so you can show that the members will likely qualify for loans, and having contracts with a seasoned construction development firm. It also helps if you can show a good appraisal valuation (The appraisal value being greater than the construction cost). It would be interesting to know if cooperatives are required to put up a larger percentage of downpayment than a condominium project. I would be intersted in hearing about how things work out with the National Coop Bank, either good or bad or indifferent. Rob Sandelin Puget Sound Cohousing Network
- Re: Membership sale agreement questions, (continued)
- Re: Membership sale agreement questions Stephen Hawthorne, April 15 1994
- Re: Re: Membership sale agreement questions Lynne Farnum, April 18 1994
- Re: Re: Membership sale agreement questions Stephen Hawthorne, April 18 1994
- Re: Re: Membership sale agreement questions Martin Schafer, April 18 1994
- Re: Re: Membership sale agreement questions Rob Sandelin, April 18 1994
- Re: Re: Membership sale agreement questions Rob Sandelin, April 18 1994
- Re: Re: Membership sale agreement questions Stephen Hawthorne, April 19 1994
- Re: Membership sale agreement questions Jim_Snyder-Grant . LOTUS, April 19 1994
- Re: Re: Membership sale agreement questions Stephen Hawthorne, April 19 1994
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