Re: The future of cohousing support. | <– Date –> <– Thread –> |
From: Michael Barrett (mbarretttoast.net) | |
Date: Mon, 10 Dec 2007 09:55:12 -0800 (PST) |
On Sunday, December 09, 2007 8:05 PM "Joani Blank" said: . . . in many, perhaps most, cases the banks that financed cohousing communities were relatively small and very local, banks with which the group or the developer already had or readily could form a personal relationship . . . . -------------------------------------------------------------------------------- When Liberty Village Cohousing, in Frederick County, Maryland, was going through the financing process in the middle '90s, we had an appropriate "business plan" which was presented to and then declined by several local banks. Later a locally connected "financial consultant" was hired for 1% of the desired loan. Within a week he obtained the needed loan from a small local bank, and, interestingly, favorable consideration from a bank that had already declined it when it was sought directly by the Liberty Village group. Discouragingly, small local banks seem increasingly to be a thing of the past as they are swallowed, and reswallowed, by ever larger conglomerates. Michael Barrett Shadowlake Village Blacksburg VA
-
Re: The future of cohousing support. Joani Blank, December 8 2007
- Re: The future of cohousing support. Fred H Olson, December 9 2007
-
Re: The future of cohousing support. Joani Blank, December 10 2007
- Re: The future of cohousing support. Michael Barrett, December 10 2007
Results generated by Tiger Technologies Web hosting using MHonArc.