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5 reasons why condo associations and HOAs borrow money

| Condo Association Loans |  


Question:

  1. Repairs to association's property or buildings.  This includes replacements like roofs.
  2. Litigation funding - pending lawsuits initiated by the HOA
  3. Buyout of condo units or additional property
  4. Increased liquidity for cash flow purposes
  5. New common area construction projects including buildings and roads.


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