Legal Question in Real Estate Law in California

Re: Hoa reserves

Thank you for posting some additional information. In follow-up to my prior response, the answer changes dramatically given that the HOAs own the golf course. As such, each of the HOAs should already have either reserve allocations for the course, or alternatively, they fund a portion of the monthly assessments collected to the golf course for its maintenance and maintaining its own reserves.

In this case, a loan between the various entities might be appropriate. I would suggest as the prior attorney did that you consult with an attorney - technically to avoid conflicts, each association should have independent counsel to review the proposed transaction and advise. Given the dollars involved, it would be extremely wise to get an attorney's opinion as to the propriety of the transaction, and to structure it properly. Good luck.

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