Need: Lender to finance HOA project in Michigan

Started by AndrewB3 • 3 replies • 1232 views

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AndrewB3 (Michigan)
Posts: 1

Posted:

Who will give a loan to homeowners associations in Michigan and Ohio for improvement projects and/or road repair/maintenance?
We've found lenders in California and Alaska thus far who are lending in those states only.
Thanks!
Andy
Howard City MI

SusanW1 (Michigan)
Posts: 5,202

Posted:

We approached the local municipality for a SAD (Special Assessment District) to pave our roads (about 7 miles) They handled the financing and billing and each homeowner paid over 10 year period, HOWEVER, there was an administrative fee that many homeowners were upset with. But we had no other choice. There was no way we could come up with almost 2 million dollars!

hoatalk (California)
Posts: 603

Posted:

Try our sponsor, NCB. You can see their contact info here:
http://www.hoatalk.com/tabid/76/Default.aspx?ID=NCB

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hoatalk (California)
Posts: 603

Posted:

Quote:

Posted By hoatalk on 06/05/2008 2:30 PM
Try our sponsor, NCB. You can see their contact info here:
http://www.hoatalk.com/tabid/76/Default.aspx?ID=NCB

PS - Please tell them you saw their ad on HOATalk.com

Thanks

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