By offering a financing solution to co-owners, the RGCQ's program provides your Syndicate with the opportunity to obtain the full amount required in order to advance its projects and thus maintain the building's integrity.
When building directors or co-ownership managers plan or already face a difficult financial situation, they can contact the RGCQ to request a case study. If your case meets the criteria, each co-owner will then be eligible for financing. They must then decide to abide or not to the program. Once the notice of assessment is issued, only the co-owners who have requested financing will receive the notice asking them to pay for their contribution. This noticed will be accompanied by a personalized form which will present several financing options and the repayment amounts specific to their case.
This program is of no cost to the Syndicate or the co-owners who do not apply for financing. Only those who decide to finance the amount of their contribution incur an additional cost, which translates into a rate of interest on the amount financed.
For more information, contact the RGCQ at firstname.lastname@example.org or 514 916-7427, extension 6.