Protecting Lenders Making Condominium Development Financing

Protecting Lenders Making Condominium Development Financing

Financing condominium development involves a great deal of risk as a result of the nature of a condominium and the government's involvement in the process of creating, selling and, sometimes, operating residential condominiums. The due diligence prior to making the loan, the drafting of the loan documents, and the supervision of the sales process require unique knowledge and experience because of the potential for lenders to unintentionally become involved in either a

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