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Small condo association with no debt can not get a loan for projects

| Condo Association Loans |  


Question:

We are a small 11 unit condo the building is debt free and in great shape and we want to keep it that way. We are having a hard time getting any kind of financial funding from any institution for future Capital Improvements or Deferred Maintenance projects either in the form of a loan or home equity loan. All of the owners are financially stable but because of our size no one will touch us. Can anyone help?


Answers (12)

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