<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1061566567187268&amp;ev=PageView&amp;noscript=1">
Skip to content

COA evaluating possibilities for a grant, loan, or credit line


Question:

This question is submitted by Leonard J. out of Alabama

Our COA is evaluating possibilities for a grant, loan, or credit line. We are a diverse association of nearly 100 units in a 40+ years old condominium of good condition. We have reserves that can cover about half of our needs over the next 15 years and a commitment to the reserves. Unfortunately, our reserves (over $250K) and new contributions will not cover the next five years' needs (over $500K). What direction, advice, and warnings can you supply?

 

Thoughts?

 


Answers (18)

What are your thoughts on this topic? Please share your answers below. We ask that you remain respectful of each other, and be advised that responses are monitored.