Borrowing by condo association>
From: Edwin Simmers (
Date: Wed, 31 Mar 2021 21:33:04 -0700 (PDT)
Has anyone had the experience where their condo association borrowed money from 
a bank or financial institution for some expenditure, with terms allowing 
repayment over future years?

What sort of collateral did the bank require? Did the bank require an ongoing 
special assessment of unit owners to make sure the future payment were made?

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