hoa condo association construction loan hoa: Construction Loans Offer Bright Spot to Homeowner Associations
- 09/04/08 10:48 PM
CondoAssociation.com Announces HOA Construction Loan Program Construction loans are now available exclusively to Townhomes, Condo Associations, Cooperatives, Office Condominiums, Timeshares and Homeowner Associations (HOAs) at CondoAssociation.com at very competitive rates and terms depending on the Association's creditworthiness. While traditional construction loan interest rates can be anywhere between 8-15%, CondoAssociation.com can offer very favorable terms to Community Associations because of specialty HOA loans which are secured by an assignment of the assessment rights. Construction loans traditionally use the property asset as collateral or control of the association's cash. This HOA loan structure offers a bright spot to Community Associations and other types of associations looking to start or complete new construction projects, whereas traditional … (1 comments)
CondoAssociation.com Announces HOA Construction Loan Program;)
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