Tuesday, November 15, 2016

Amalgamated Houses wants another multi-million dollar loan

November 15,2016 The management and board of directors once again want to take out a multimillion dollar mortgage and increase carrying charges to pay for it.

July 22, 2013 The 30 million dollar loan, 20 million of which will be used to repair balconies, windows, the Gale Place garage.  The other ten million will be used to pay off debt.  Previous debt was at a higher interest rate than this loan.  The lender is the National Cooperative Bank.

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