Cohousing-L Mailing List: Investing in Cohousing

[Fred-List manager (fholson]

Zev Paiss <zev [at] abrahampaiss.com>
is the author of the message below.  It was posted by Fred of
the Cohousing-L management team <cohousing-l-owner [at] cohousing.org>
due to a format issue.

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Greetings Everyone,

Before the financial crisis of 2008 I was a partner in a company called
Support Financial Services that raised about $750k and provided bridge loans
to over a dozen cohousing communities under development.

Until the economy stalled and all construction abruptly stopped, we had been
successful in helping the projects we invested in reach the required deposit
limits placed on them by their banks. Investors shared in the profits
generated by each project and for the most part all went well. Unfortunately
the 2008 meltdown through a serious wrench into that system and several
projects where halted by the weakness in the economy and the inability of
many cohousers to sell their homes and move their projects.

Now some 14 years later, it might be time to reactivate a similar fund.

I would be interested to hear your thoughts.