---
title: Condo Association Loan vs Assessment in New York?
description: LOAN Vs. Assessment?  100 unit condo having to deal with roofing project. New York State condo law allows bank loans for capital improvement projects. Thoughts on bank loan vs. assessment? Carmel NY.
image: https://www.condoassociation.com/hubfs/Stock%20images/Loans%20Concept.%20Word%20on%20Folder%20Register%20of%20Card%20Index.%20Selective%20Focus..jpeg
---

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# Condo Association Loan vs Assessment in New York?

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## What do you think? Question:

Loan Vs. Assessment?  
100 unit condo having to deal with roofing project. New York State condo law allows bank loans for capital improvement projects. Thoughts on bank loan vs. assessment?  Carmel, New York.

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## What do you think? Answers (5)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

## Related Posts

### [Should minor condo unit projects require special assessment fees?](https://www.condoassociation.com/blog/tabid/19257/bid/109068/Should-minor-condo-unit-projects-require-special-assessment-fees.aspx)

### [Should condo association do special assessment for construction?](https://www.condoassociation.com/blog/tabid/19257/bid/30873/Should-condo-association-do-special-assessment-for-construction.aspx)

### [Our condo association can't afford its own special assessment](https://www.condoassociation.com/blog/tabid/19257/bid/13799/Our-condo-association-can-t-afford-its-own-special-assessment.aspx)

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