In conjunction with conversion to a tenant-owner association, tenants are given an opportunity to buy their apartment at a considerably lower price than the market is prepared to pay for the apartment.
If there is interest in conversion, you must set up a tenant-owner association to buy the building. A conversion can take several years from the first initiative to the final sale.
SBAB has long experience and a great deal of knowledge about how conversion to a tenant-owner association takes place. We can offer everything from initial discussions to final placement of the associations loans. We also assist with loans to members of the new association.
We would be pleased to visit your association and describe how financing takes place and how we deal with conversion transactions in practice at SBAB.