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Updated about 4 years ago,
Hard Money - Real Estate Association Infrastructure Cost
Hi All - I apologize in advance if this is not the correct place to post this thread and I am happy to move or delete if necessary. That said, I am currently working with a Home Owners Association on an infrastructure project (approx $750K) that they are looking to complete but are in need of creative financing as the home owners association does not want to pay the project in a lump sum. They would rather break it into smaller increments even should they have to incur interest on the project.
Does anyone from the BP community have experience in dealing with something like this? Is bank financing the best bet or is this a scenario where I should point them to a Hard Money Lender? Other ideas are welcome.
Thanks!