|Re: Construction Loan Financing (fwd)||<– Date –> <– Thread –>|
|From: Philip W. Bush (Philip.W.BushDartmouth.EDU)|
|Date: Thu, 18 Feb 1999 08:14:27 -0600|
---Gilda wrote (to coho list): Dear Friends: I would like to hear from all those cohousing communities who obtained construction loans from banking institutions <SNIP> --- end of quote --- Great list of questions. At Cobb Hill we're at the same stage you are, so no answers yet from here. We have a meeting tomorrow with a bank here in Vermont that has a Socially Responsible Banking Fund, which we hope will look upon us favorably. I'll hitchhike on your query and add a question: has anyone found that the project's legal form (coop, condo, limited liability corp., whatever) has been a deal breaker (or maker) from the bank's point of view? I would love to see all the answers from others, so hope all will reply to the list! Phil Bush Cobb Hill Hartland Four Corners, VT http://www.coopsports.com/cobbhill/
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