Tuesday, January 8, 2013
Year in review: HOA gets large cash settlement
Continuing our year in review, the No. 6 story of the year was that the HOA board reached a "settlement" with the bank that owned the "Enterptrise" condos and other properties, including $150K to be put into the Palermo HOA reserves and tens of thousands of dollars for other expenses. Miss Penny Lane says: She´s never reserved.
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1 comment:
This was a great deal for the HOA. It's been a very good year for Palermo.
On a related note, does anyone know a good lender to do a refi through here? Because Palermo has an investor holding over 20% of the units, it can be a sticking point for some lenders.
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