|Fwd: alternatives to huge assessment ? construction loan?||<– Date –> <– Thread –>|
|From: lienjud (lienjudaol.com)|
|Date: Fri, 21 Sep 2018 12:10:40 -0700 (PDT)|
Dear Cohousing list serve: have done a bit of digging in the archives and not finding much so am putting the question out to the universe. our community, Cascadia Commons in Portland, had an envelope inspection of our buildings done as recommended by the reserve study people. the inspection has found significant issues with siding, flashing etc and we will be meeting for the next several weeks to educate ourselves about the issues uncovered and how to go forward. We have money in our capital reserves but also found out that the formula used by the professionals for how much $ to put away for siding is faulty and so, we are needing to come up with much more than is in our capital reserve. People are being creative, trying to problem solve the financing part of the equation. So, we are wondering if any community instead of a huge assessment, has done something like going back to being an LLC, taking out a construction type loan for big repairs? thanks for any input. Judith Lienhard, Portland Oregon, Cascadia Commons
Fwd: alternatives to huge assessment ? construction loan? lienjud, September 21 2018
- Re: Fwd: alternatives to huge assessment ? construction loan? Alan O'Hashi, September 22 2018
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