Financing Options for 60-Year Recertification Special Assessment
Dear Owners of Island Place at North Bay Village
As part of the 60-year recertification process, a special assessment has been approved. To support owners in meeting this financial obligation, we are sharing a selection of financial institutions that offer home equity loans and similar financing options that may be used to cover the cost of the assessment:
- Chase Home Equity Loan
- Popular Bank Home Equity Loan
- Truist – Smart Ways to Use Home Equity
- Rocket Mortgage Home Equity Loan
- Bank of America Mortgage Options
- Wells Fargo Cash-Out Refinance
In addition, we strongly encourage all owners to review the financing assistance programs offered by Miami-Dade County, which may provide more favorable terms or support for eligible residents. More information is available here:
👉 Miami-Dade County Financing Assistance
I’d also like to clarify that no general contractor has been selected yet. The board of directors is actively reviewing options and seeking additional proposals, and homeowners are encouraged to submit proposals from general contractors as well.
If you have any questions or need further guidance, please do not hesitate to reach out.
Thank you.
Guillermo Parra, LCAM.
Island Place at North Bay Village
Condominium Association, Inc.