Do any of you stick to a percentage limit (e.g., 80%) of an apt's market value for which a SH mortgage refinancing amount cannot go above? Is it the same percentage for newer and longer-term SHs?
If so, it is just a standing decision your board made or do you have a formal policy with regard to this percentage?
Lastly, we want to establish a set of formal guidelines for SH refinancing. What are things we should include?
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