February Luncheon
Thursday, February 22, 2018
11:30 am - 1:00pm
Thursday, February 22, 2018
11:30 am - 1:00pm
Uh oh! We have a legal obligation to undertake a capital project,
but don't have the capital to do it... Now What?!
A Possible Practical Alternative to Special Assessment
Speakers:
Pierre Sauvé, Director, Originations
CWB Maxium Financial
Laurie Kiedrowski, Partner
McLeod Law LLP
Presentation Overview:
“Uh oh! We have a major capital project(s) we need to undertake but we don’t have enough money in the Reserve Fund? Is there a practical option to special assessment?”
Pierre will explain and discuss how we can finance these projects without the potentially devastating consequences on owners and shareholders of a special assessment, and without putting Boards under undue stress. He will also take you through the benefits of the loan option, answer some of the most commonly asked questions about loans and take you through some case studies that will help you better understand how the loan may help your particular situation. Laurie will explain and discuss how we set these up from a legal perspective, and what your corporations will need to do to make this model possible.”
Pierre will explain and discuss how we can finance these projects without the potentially devastating consequences on owners and shareholders of a special assessment, and without putting Boards under undue stress. He will also take you through the benefits of the loan option, answer some of the most commonly asked questions about loans and take you through some case studies that will help you better understand how the loan may help your particular situation. Laurie will explain and discuss how we set these up from a legal perspective, and what your corporations will need to do to make this model possible.”
Pricing
Member: $35.00/person
Non-Member: $45.00/person
PLEASE NOTE: WE NO LONGER ACCEPT CASH ON-SITE