|Re: Raising money for land purchase - how did you do it?||<– Date –> <– Thread –>|
|From: Muriel Kranowski (murielkvt.edu)|
|Date: Wed, 3 Jun 2020 18:40:14 -0700 (PDT)|
It was financed through internal loans with a nice rate of interest. Those members were taking a financial risk - if the project had fallen through they would have had to find a buyer, meantime paying taxes on the property and no guarantee of getting all their money back - so I think the higher-than-market interest rate was fair. On Tue, Jun 2, 2020 at 7:48 AM Fred-List manager <fholson [at] cohousing.org> wrote: > Stefan Silverman <stefan [at] cedarcohousing.llc> > is the author of the message below. It was posted by > Fred, the Cohousing-L list manager <fholson [at] cohousing.org> > -------------------- FORWARDED MESSAGE FOLLOWS -------------------- > > Cedar Cohousing in the Twin Cities is happily at the point where we're > evaluating site options. We know we have to have money available in order > to make offers and would like to know how other communities managed their > way through this point in their development? > > Appreciate all responses and recommendations on this topic. > > *Stefan G. Silverman* > President > > 18519 Pathfinder Drive > Eden Prairie, MN 55347 > 612-460-0060 > > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://L.cohousing.org/info > > > >
Raising money for land purchase - how did you do it? Fred-List manager, June 2 2020
- Re: Raising money for land purchase - how did you do it? Muriel Kranowski, June 3 2020
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