Re: Development Financial Structure | <– Date –> <– Thread –> |
From: Kay Argyle (argylemines.utah.edu) | |
Date: Wed, 27 Nov 2002 11:37:01 -0700 (MST) |
During planning & construction, memberships in Wasatch Cohousing cost $300 per adult, and then $400/month per household (or maybe I've switched the two amounts). The monthly assessment was credited against the mortgage down payment, and the difference repaid if it totaled more (which for long-time members it did). Options or customizations were paid for in cash at closing. If someone left the group, they got their assessment money back after the construction loan was paid off, when all the units were closed on. The bank required the group to come up with a percentage of the construction loan, I think 10%. Six members (the "deep pockets") made low-interest personal loans of $60K each. Kay _______________________________________________ Cohousing-L mailing list Cohousing-L [at] cohousing.org Unsubscribe and other info: http://www.communityforum.net/mailman/listinfo/cohousing-l
- Meetings are a bad way to recruit people, (continued)
- Meetings are a bad way to recruit people Rob Sandelin, November 19 2002
- Re: Meetings are a bad way to recruit people Racheli Gai, November 20 2002
- Re: Meetings are a bad way to recruit people Sharon Villines, November 20 2002
- Re: Meetings are a bad way to recruit people...or not Elizabeth Stevenson, November 20 2002
- Re: Development Financial Structure Kay Argyle, November 27 2002
- Re: Development Financial Structure Jeff Coffin, November 19 2002
- Re: Development Financial Structure Elizabeth Stevenson, November 19 2002
- Re: Development Financial Structure Jeff Coffin, November 20 2002
- Re: Development Financial Structure Sharon Villines, November 19 2002
Results generated by Tiger Technologies Web hosting using MHonArc.