Condo Getting a Loan

marcucci · 04-27-2004, 09:25 AM

Hi everyone,

Our condo is looking to get a loan to repair severe dock damange from the ice this year. I lived in a condo before that got a loan but I was not sure how they did it. Who signed for the loan? What was the collateral? And basically all the other details.

I wanted to know if anyone else had experience with condos taking loans and if you could provide any guidence. What quesitons should I ask? How did it work at your condo? What problems did you run into? Any other information you would like to provide me?

I really appreaciate any info anyone can give! Thanks!

Long Bay Guy · 05-05-2004, 05:36 PM

I used to own a condo over on Paugus that needed to borrow for a similar reason. I recall the Management Company handled it for us. I believe it was a fairly simple affair.

04-27-2004, 09:25 AM	#1
marcucci Senior Member Join Date: May 2003 Posts: 78 Thanks: 1 Thanked 18 Times in 14 Posts	Condo Getting a Loan Hi everyone, Our condo is looking to get a loan to repair severe dock damange from the ice this year. I lived in a condo before that got a loan but I was not sure how they did it. Who signed for the loan? What was the collateral? And basically all the other details. I wanted to know if anyone else had experience with condos taking loans and if you could provide any guidence. What quesitons should I ask? How did it work at your condo? What problems did you run into? Any other information you would like to provide me? I really appreaciate any info anyone can give! Thanks! __________________ ----------- Boat #3: Premier Sunsation 220 Tritoon Boating on Winnipesaukee since 1989 Vacationing on Winnipesaukee since 1975

05-05-2004, 05:36 PM	#2
Long Bay Guy Junior Member Join Date: Apr 2004 Posts: 9 Thanks: 0 Thanked 0 Times in 0 Posts	I used to own a condo over on Paugus that needed to borrow for a similar reason. I recall the Management Company handled it for us. I believe it was a fairly simple affair.