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Frequently Asked Questions

What are the financing terms?

The current “best bid” we have from a lender if the long-range plan passes:

  • up to $22 million loan

  • 2 year construction loan converts to a 20 year fixed rate loan at 4.1%

  • Loan secured by community assets, so no liens on our homes. 

Based upon loan closing date in late June, in July:

  • HOA dues increase by $300 a month

  • Assessment of $2,500

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