Free tool
Owner payment paths
Four ways owners can pay their share, and what each one sets in motion.
The decision guide
Your loan starts as a line of credit and converts to a long-term loan. Owners can pay their share four ways. Answer as a board and see what each choice sets in motion. No dollar amounts or rates here.
Pay upfront
Before work starts, on the estimate
Will owners be allowed to pay their full share before work starts, based on the estimate?
Owners who pay now avoid all interest. The amount they pay is an estimate, not the final cost.
Your board’s payment policy so far
Updates as you answer. Bring the to-do lists to your manager and attorney.
1. Pay upfront
No decisions yet.
2. Pay at conversion
No decisions yet.
3. Transfer at sale
No decisions yet.
4. Prepay part yearly
No decisions yet.
Educational tool, not legal or financial advice. Check your state’s rules and your governing documents.
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