Bank Commitment Letter Pitfalls for Condominiums (FL)

/ Owner - November 27, 2024

When a condominium association is seeking to obtain a loan, too often the board is signing the Bank’s commitment letter before having that document reviewed by legal counsel. While some banks will permit the association to amend the commitment letter after the fact, through revisions to the loan documents, others will not permit that to occur.    Read the article…………………………….

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