I would certainly disclose the currently approved special assessments, but since any further financial obligations and project plans have not been voted on by the membership, approved in a budget, or secured in a loan; must I disclose the knowledge that the board is trending in that direction?

It’s incredible how literature and architecture can have such a powerful impact on someone’s life and direction.

For a variety of reasons, including keeping this potential project "need-to-know" only right now, I want to get a ballpark estimate with full understanding that the goal posts could move in either direction as the project gets more discrete. 

Hi Adam,I’ve worked with a handful of great rehab contractors in the Tampa Bay area over the years, and I’d be happy to point you in the right direction depending on what you need—whether it’s a full gut rehab, cosmetic updates, or anything in between.

If you need help, DM me, and I’ll point you in the right direction!

Also not sure if you have a retirement fund but you may be able to setup a self directed fund and use a portion of that money for a real estate related investment. definitely not saying your plan is bad or that these are better just giving my thoughts. 

At one point, the borrower reached out directly and from then on I saw no reason to keep dealing with Safeguard.

My plan is to develop five 1,200 SF units, allowing tenants to lease multiple units if they require more space.Recently, a 62,000 SF medical building from a Reputed Hospital Name opened directly across the property, which reinforced my belief that a medical office setup would be a strong fit for this location.

Hopefully we can get some good information as far as which direction we need to go from here.

Additional Considerations✅ Confirm assumption eligibility – Contact the lender directly before paying the arrears.✅ Get everything in writing – Work with a real estate attorney to draft a contract protecting your funds.✅ VA entitlement impact – If you assume the loan, check whether the seller’s VA entitlement is released.Final ThoughtsThis deal has potential, but structuring it correctly is key.