Recommendations for Associations Seeking Financing for Major Projects (FL)

/ Owner - January 9, 2025

With so many Florida condominium associations contending with budget increases as a result of the newly required inspections and reserves, many boards of directors are exploring financing options with banks and credit unions. Some lenders are responding by making concerted efforts to expand their commercial loan portfolios with loans for associations, which are generally considered to be relatively low in risk due to the lien rights backing community collections.    Read the article…………………………….

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