Asked by Hartman Cole Real Estate, Marina Del Rey, CA • Sun Oct 2, 2011
I recently had a lender tell me that some banks are not lending on the Marina City Club because it has been recently reported in the HOA docs that there is a â€˜for profitâ€™ business being run out of one of the conference rooms. It is my understanding of that complex and others that there have been different businesses doing this for years and this is the first time I have heard of this kind of disapproval. Is this something new or just new to me? Has anyone been denied a loan or had a client denied a loan after the bank reviewed the HOA docs and found an operating business on the books either on this complex or others?
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