Remove from List
From: A. Williams (
Date: Sun, 29 Jan 2006 12:58:05 -0800 (PST)
Hi There,

I've tried to remove myself from the list a couple of times but wasn't able

Can the administrator do this for me?

Thanks.  Sorry to send this to the whole list.

awsf2003 [at]

-----Original Message-----
From: Joani Blank [mailto:joani [at]]
Sent: Monday, January 30, 2006 9:55 AM
To: cohousing-l [at]
Subject: [C-L]_ Personal Loans to Cohousing Groups

Dear friends,

As some of you well know, there comes a time during the development
of many cohousing groups when total equity investments of the members
total somewhat less than is usually needed to complete a land
purchase, to satisfy a bank that the equity share is sufficient for
the construction loan.

I have loaned money (amounts between $4000 and $30,000) to four
groups in development over the last 10 years, and it has been a very
gratifying experience. I'm writing this today to suggest to some of
you out there in cohousing land that this is one more way to invest
in/support the cohousing movement. Three of the four loans I've made
have been structured as follows.

Interest is accrued from the date the loan originates at between  10%
and 12% (but you and the group can negotiate what they can
afford  and the best you can offer). In one case the interest rate is
reduced when the construction plans are approved (because my risk
will be reduced then), and when the construction loan is let, the
interest will be changed to the interest rate of the construction
loan.  The principal plus interest is due and payable in a lump sum X
days after the last unit is sold.  or by a date certain that might be
before the last unit is sold.

The fourth loan I made was to assist a retrofit cohousing group in
their process of becoming a condominium.

I have also made loans to four individuals living in cohousing that
have made it possible for them to purchase a unit in a community
where they'd been renting by supplementing the funds they had
available to them for a down payment.

In all cases these loans have been formally unsecured, but in each
case, I have ascertained that the group has an asset such as a
paid-for site, or that they could without difficulty raise the money
to pay me back in the event that the project collapses.

If any potential individual lender, or group wishing to solicit a
loan from a friend of the community or a potential lender would like
to contact me off-list for more details, I would welcome that. I'd
even go so consider doing some informal "matching" of groups in need
of funds with potential lenders.

Swan's Market Cohousing
Oakland, CA

Joani Blank
Cell: 510-387-1315
joani [at]

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