Re: Bank Lenders to Cohousing TIC | <– Date –> <– Thread –> |
From: Jerry McIntire (jerry.mcintiregmail.com) | |
Date: Sat, 20 Jun 2015 13:47:49 -0700 (PDT) |
Sounds like you need to change your legal ownership away from tenants-in-common. Turning it into a condominium association is not difficult-- at least it wasn't in Massachusetts. Jerry Jerry McIntire Stone's Throw Ecovillage, in the heart of Wisconsin's beautiful Driftless region http://stonesthrowcommunity.wordpress.com/ 1-608-637-6620 On Sat, Jun 20, 2015 at 2:12 PM, Fern Selzer/US/CA/95003/NBC via Cohousing-L <cohousing-l [at] cohousing.org> wrote: > > > Hi All, > We are looking for a bank that will make fractional loans to our members. > We created our community expecting to get fractional loans but as we were > looking for our first loans, the bank bubble burst and all the fractional > loans for TICs disappeared. Now they are back, but we have not been able > to find a bank willing to do this in Santa Cruz (CA) County. We have a > perfect payment history, equity in our homes, a default fund, etc. > > > It is very complicated to sell any of our homes because the whole group > needs to submit their information all over again. Also, our bookkeeping > is very complicated and we would all like to be more independent in this > way. > > > Anyway, that is the background. As I recall, sometime in the last several > months, someone posted about National Cooperative Bank and that they are > eager to loan to cohousing groups. I couldn't find it in the archive. > Someone from our finance committee contacted them, we were referred to > someone in San Francisco, who was not open at all to considering us for a > loan because of our organization. Did I get the name of the bank wrong? > Do they have limited geographic areas that they loan in? Or maybe someone > knows a different contact person there who can help us. > I would appreciate any information on this or any other bank. > > > Thanks, > > > Fern > New Brighton Cohousing > Aptos, CA > > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > > >
- Re: Bank Lenders to Cohousing TIC, (continued)
-
Re: Bank Lenders to Cohousing TIC Sharon Villines, June 20 2015
-
Re: Bank Lenders to Cohousing TIC John Sechrest, June 20 2015
- Re: Bank Lenders to Cohousing TIC Sharon Villines, June 20 2015
- Re: Bank Lenders to Cohousing TIC John Sechrest, June 20 2015
-
Re: Bank Lenders to Cohousing TIC John Sechrest, June 20 2015
-
Re: Bank Lenders to Cohousing TIC Sharon Villines, June 20 2015
- Re: Bank Lenders to Cohousing TIC Jerry McIntire, June 20 2015
- Re: Bank Lenders to Cohousing TIC John Beutler, June 21 2015
- Re: Bank Lenders to Cohousing TIC Wendy Willbanks Wiesner, June 21 2015
- Re: Bank Lenders to Cohousing TIC John Carver, June 21 2015
- Bank Lenders to Cohousing TIC fernselzer, June 21 2015
Results generated by Tiger Technologies Web hosting using MHonArc.