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Our associations dam is in need of repair and we would like to get a condo association loan for doing the repairs. What is a likely rate for a condo association loan?

April 26, 2017Association condo Dam doing likely loan rate Repair repairs

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Our associations dam is in need of repair and we would like to get a condo association loan for doing the repairs. What is a likely rate for a condo association loan?

1 Answer

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The exact interest rates are a function of several variables. However, the approximate range in today’s market is 6.75% to 7.25%.