How to Right-Size Your Condominium Fee - Spotlight: Lending

Every condominium community will inevitably face the need for a large component/multi-component replacement or restoration project, as time and weather take their toll on all communities.

If you are like most communities, there is a gap between your current monthly fee and your right-sized fee. This then causes insufficient reserve funds and requires communities to close the gap quickly in order to complete the necessary project.

In this session we approach condominium lending from a legal, technical, financial, and social perspective, as well as answer your top questions, including:

• The condominium loan options in today's market
• How condominium loans work and what the lending process involves
• Typical costs and annual requirements
• Common lending misconceptions

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