Diane Rubin Quoted in Boston Globe on Bank Lending for Condo Associations

Although condominiums typically collect fees in order to plan adequately for big-ticket expenses, a need for “special assessments” may be found when a bank loan may be needed for more costly maintenance and repair projects. Diane Rubin, chair of Prince Lobel’s Condominium Law Group, commented in the Boston Globe, “Over the past 20 years or so, a very robust financing industry has emerged to help condominium associations take on the big expenses of repairs, maintenance, and capital improvements.” To read more on how bank loans are playing a role in condominium associations and property management firms, click here.