Cohousing-L Mailing List: Re: Mortgage referrals for construction lender due diligence

[Sharon Villines (sharon]

On Dec 17, 2005, at 8:16 AM, Robert wrote:

> If you go to the cohousing.org's list of communities, 
> http://directory.cohousing.org/us_list/all_us.php, and select a 
> completed or building community, their entry includes a Cohousing 
> Details section.  The Cohousing Details section has a Commercial 
> Lender entry.  For Eno Commons, our entry says Commercial Lender: 
> BB&T.

It also sounds like the banker at Wells Fargo is uninformed about 
condos generally. I suggest showing him all the info from the cohousing 
site on lenders. Even if it isn't the same lender, if it is a major 
bank, he should be impressed.

Also the Communities Association Institute has information on condos. 
They project, for example, that 4 out of 5 new housing units will be in 
homeowner associations of one kind or another.

Sharon
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Sharon Villines
Building Community: A Newsletter on Coops, Condos, Cohousing, and Other 
New Neighborhoods
http://www.buildingcommunitynews.org