HOA Loan Services in Miami
Max LTV
Based on Repayment Capacity
Loan Amount
$500K-$25MM
Term
3-20 Years, Revolving Lines of Credit
Amortization
3-20 Years
Closing Time
30 Days
Loan Purpose
Cash-Out
Property Types
Condominium HOA
Lending Areas
Florida
When a condominium HOA lacks adequate reserve funds necessary to complete improvement projects, anticipated repairs, or mandatory improvements such as those demanded by civil authorities on 40-year recertifications, an HOA Loan is the only alternative to expensive special assessments.
When Homeowner Associations choose to take out an HOA Loan, they will be able to immediately receive the full amount of monies the community needs to quickly implement changes, whether it is replacing roofs or upgrading existing electrical or plumbing, this solution eliminates costly one time assessments that put most of the financial burden on the homeowners.
Other Commercial Loan Products:
