Banking and Funding HOAs with Guest: Walter Block

GBGROUP May 11, 2021 218

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Regan Brown and Bill Mann sit down with Walter Block, Senior Vice President of Pacific Western Bank who has 39 years of experience in banking within the common interest development industry. Banking and Funding for HOAs. Walter discusses the origin of the HOA construction defect loan program, the process of deciding between a special assessment or a loan, and the loan process. Make sure to stick around until the end for another HOA True Story! 

“And now they’re at a dilemma… do we do a large special assessment where everyone has to pay for $15-$20K, or do we look at a loan?”

Walter Block

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