Does your condominium association needs funds for a new roof or other big items
1. HOA / Condo Association Loans (Most Common)
These are commercial loans made directly to the association, not individual unit owners.
Typical uses
Roof replacement
Structural repairs
Painting, paving, elevators, plumbing
Insurance-driven or reserve shortfalls
Key features
No lien on individual units
Repaid through monthly assessments
Terms: 5–20 years
Fixed or adjustable rates
Can be structured as:
Fully amortizing loan
Interest-only period upfront
Line of credit for phased projects
Underwriting looks at
Number of units
Owner-occupancy ratio
Delinquency rate
Budget, reserves, and assessment…
The skinny
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