JeanS1 (California)
Posts: 23
Posts: 23
Posted:
Our building is over 40 years old and we are having problems with leaking and, in one case, a pipe bursting in the wall of one of the units creating $17,000 worth of damage to the unit and its contents.
The board has voted to re-pipe the building. We are also planning on recarpeting, re-painting which is also needed.
Unfortunately our reserve fund is not that large. And, so the board has voted to try and obtain financing.
Has any other association been in a similar situation where they have had to obtain outside financing? With which California banks or lenders have you been able to obtain financing?
I see that National Community Bank is an advertiser on this site. Has anyone worked with them?
Jean Strauber
The board has voted to re-pipe the building. We are also planning on recarpeting, re-painting which is also needed.
Unfortunately our reserve fund is not that large. And, so the board has voted to try and obtain financing.
Has any other association been in a similar situation where they have had to obtain outside financing? With which California banks or lenders have you been able to obtain financing?
I see that National Community Bank is an advertiser on this site. Has anyone worked with them?
Jean Strauber