Question:
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?
Answers (3)
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.