Currently our building allows maximum financing of 80% for shareholder loans. In light of incredible valuation increases for apartments in our midtown Manhattan building there has been some talk about reducing the maximum financing allowed to a level of 70%.
What do your buildings require....and is this a valid concern?
Introduce yourself to other members of Board Talk! Log in below or register here.
Board Talk members who registered prior to March 9th, 2016 will need to reset their password.
Habitat U: learn about how to manage a building, and what you should know as a co-op or condo board member.
Search, by word or phrase, all magazine articles from January 2002 to present. You may print or email your results. Print subscribers receive free access to the Habitat Article Archive.