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