This is just a bit of information to expose that I know nothing.
I’ve started including information about the lenders in the Black Home Owners of Truxton Circle series. The problem is I have no idea sometimes of what I am looking at. I know I am going to have to go back over some of my posts and correct the misstatements about loans of $19K-20K. That was a misreading on my part.
One of the several lenders is the Perpetual Building Association. They loaned funds to Julia Dobbins, the Brungers, John Robinson and others. I tried looking up information about this organization or lender and most of what comes up are sites about the Perpetual Building Association Building in Silver Spring, MD. I did find something that was a little bit more about the entity that was also about the building. I have no opinion about the building. I don’t have even enough information to have an opinion about them as a lender.
I am old enough to remember there was some savings and loan crisis 30 some odd years ago, but I’m not sure if the S&Ls and building associations were the same thing.
If anyone has more info about the Perpetual Building Association as an organization, please comment.