The WCV HOA drew on the expertise of its long-term management company, CAMCO Management, to analyze alternatives and facilitate the particulars of the comprehensive project. Serving condominiums and home owner associations for 45 years, CAMCO tapped into the skills of its highly qualified managers and supervisors to oversee this multifaceted project.
As the lifecycles of each building/property in the complex varied, CAMCO suggested undertaking the entire project – roofs of all 11 buildings – at the same time, to save time and overall costs. Additionally, CAMCO advised that the HOA work with a financial institution for a loan rather than incur extra maintenance costs. After a financial analysis of several banking institutions, the HOA moved forward with an institution that offered low interest rates and had experience with condominiums and co-ops. It secured a $400,000 loan for the community.
CAMCO mobilized and managed the construction teams, schedule, and delivery of equipment and other supplies. In addition to advising the board on its financing options and securing a lender, CAMCO then put a customized plan in place that would take the renovation project from inception to completion. The CAMCO management team met and vetted numerous highly qualified roofing companies and material suppliers, compiled up-to-the-minute reports for the board, oversaw the entire bidding process, and implemented a schedule for the work that would cause as little disruption as possible to the home owners.