Brainaddict
slight system overdrive
This would be between organisations. So the situation I'm imagining is a mother housing co-op (which can get good interests rates) leasing a building to a new housing co-op (which can't get good interest rates). The lease would ideally be for the duration of the mortgage and the new housing co-op could buy out the building for the remaining value of the mortgage at any time.
I've no idea if you could get a mortgage on this basis btw - that's a slightly different question. But I know housing law means there are limits on the types of leases you can have on houses - but I don't know if that only applies to individuals rather than organisations. Anyone know? Or anyone have an idea who might know, short of an expensive lawyer?
I've no idea if you could get a mortgage on this basis btw - that's a slightly different question. But I know housing law means there are limits on the types of leases you can have on houses - but I don't know if that only applies to individuals rather than organisations. Anyone know? Or anyone have an idea who might know, short of an expensive lawyer?
