A Niche Loan for Condo Capital Projects

Condominiums and homeowner’s associations (HOAs), unlike co-ops, do not have the ability to raise funds for capital projects by taking out a mortgage. But a new niche product known as a Common Interest Realty Association, or CIRA, loan can help condos and (HOAs) tackle pricey repairs by spreading the payback over several years, thus avoiding dreaded assessments or increases in monthly common charges.    Read the article…………….

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