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Pooled Building Insurance

Started by newnewyork
over 13 years ago
Posts: 0
Member since: Sep 2012
Discussion about
The building has pooled insurance (with other buildings). The lender says that the owners in the building will have a very hard time selling as almost no lender will lend in a building where the insurance is pooled. The building has several units for sale and a couple under contract, but no closes recently. Is this short sighted on the building's part? You have to feel bad for the sellers.
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