I am a contractor bidding a job against a larger company.
The bank the larger company brought in wants a 30 year maintenance agreement to buy the loan, conveniently this larger company is the only company that has such a program.
I have asked around and no one has ever heard of a bank making an HOA pay an aditional $1.2 million in a 30 year maintenance program in order to give a loan for a building envelope project. Is that even legal?
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