Cohousing-L Mailing List: Re: Raising money for land purchase - how did you do it?

[Muriel Kranowski (murielk]

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
>
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