For more episodes of Take It To The Board, click here! Host Donna DiMaggio Berger and featured guest Robert Nordlund are determined to reframe the general perspective on reserve funding. Board members and residents alike are guaranteed to gain a greater appreciation of the purpose and practical management of reserves […]
Borrower Beware of Funding Reserves
Lending is a very competitive market today. When a lender presents a term sheet, it is very important to scrutinize all of the salient terms. How reserves are to be funded and held can change the dynamics of the transaction.
Democrats face their biggest challenge in operating a united government this week by attempting to pass legislation advancing President Biden’s domestic agenda, avoiding a government shutdown, and keeping the United States from defaulting on its debts for the first time in history. This week, the House will consider the Bipartisan […]
In condominium associations throughout the state, it is common for there to be seasonal unit owners who leave their units unoccupied during portions of the year. For associations faced with periodically unoccupied units in multifamily condominium buildings, there are distinct legal issues worth considering in advance of problems arising.