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HOA Loan Topics

HOA Loans - We are the most trusted source, nationwide for Community Association Lending

hoa loans Since 2007, CondoAssociation.com has been putting together condo associations and HOAs with qualified lending partners that understand the business of community associations.

Our HOA lending partners understand the business of community associations and are prepared to help your condo association or HOA get the money it needs.

HOA Loan FAQs

What is a HOA or Condo Association Loan?
An HOA loan is specialized in that it is secured with a community associations' future cash flow produced by condo fees. Lenders normally reserve the right to assess the HOA should it get behind on servicing the loan.

Why would associations need a HOA Loans?
* Capital repairs and improvements to buildings and common areas.  Examples of this include roof replacement and driveway asphalting.
    
* Litigation Funding - Its not uncommon to pursue litigation against developers and build material manufacturers for construction defects. Litigation funding can provide monies needed to get an HOA through an extending litigation process that may take years.

Who provides HOA Loans?
HOA lending is still a very specialized practice and is mostly local.  CondoAssociation.com alleviates the headache of identifying HOA loan sources for our HOA community our partner lending network. Simply fill out the form and wait for a phone call from a qualified lending partner in 1-2 business days.

How long does it take to get an HOA Loan?
It normally depends on the time it takes for the association to get financial information back to the HOA lenders and the association's attorney to write an opinion as to the association's creditworthiness and legal ability to assign assessments rights the the condo association.  This can last anywhere from 30 - 90 days.

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HOA Loans and Condo Association Loans Nationwide

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Condo Association Loans and HOA Loans are available from CondoAssociation.com in these states
Alabama Alaska Arizona Arkansas
California Colorado Connecticut Delaware
Florida Georgia Hawaii Idaho
Illinois Indiana Iowa Kansas
Kentucky Louisiana Maine Maryland
Massachusetts Michigan Minnesota Mississippi
Missouri Montana Nebraska Nevada
New Hampshire New Jersey New Mexico New York
North Carolina North Dakota Ohio Oklahoma
Oregon Pennsylvania Rhode Island South Carolina
South Dakota Tennessee Texas Utah
Vermont Virginia Washington West Virginia

HOA Loans, also known as Condo Association loans are continuing to gain popularity with home owner associations as way to increase cash flow quickly.  Many uses for HOA loans include developer litigation funding, community property aquisitions, repairs and improvements to common areas and building a reserve fund.

Condo Associations and Co-Ops in major cities are major borrowers of condo association loans.  Top cities we are seeing both condo association loan and Co-Op loan applications in include:

New York, New York
Los Angeles, California
Chicago, Illinois
Houston, Texas
Phoenix, Arizona
Philadelphia, Pennsylvania
San Antonio, Texas
San Diego, California
Dallas, Texas
San Jose, California
Detroit, Michigan
Jacksonville, Florida
Indianapolis, Indiana
Hempstead, New York
San Francisco, California
Columbus, Ohio
Austin, Texas
Memphis, Tennessee
Baltimore, Maryland
Fort Worth, Texas
Charlotte, North Carolina
El Paso, Texas
Boston, Massachusetts
Washington, District of Columbia
Milwaukee, Wisconsin
Seattle, Washington
Denver, Colorado
Nashville-Davidson, Tennessee
Las Vegas, Nevada
Portland, Oregon
Oklahoma City, Oklahoma
Tucson, Arizona
Albuquerque, New Mexico
Atlanta, Georgia
Long Beach, California
Brookhaven, New York
Fresno, California
New Orleans, Louisiana
Sacramento, California
Cleveland, Ohio
Kansas City, Missouri
Mesa, Arizona
Virginia Beach, Virginia
Omaha, Nebraska
Oakland, California
Miami, Florida
Tulsa, Oklahoma
Honolulu, Hawaii
Minneapolis, Minnesota
Colorado Springs, Colorado
Arlington, Texas
Wichita, Kansas
St. Louis, Missouri
Raleigh, North Carolina
Santa Ana, California
Anaheim, California
Cincinnati, Ohio
Islip, New York 
Tampa, Florida
Pittsburgh, Pennsylvania
Toledo, Ohio
Aurora, Colorado
Oyster Bay, New York
Bakersfield, California
Riverside, California
Stockton, California
Corpus Christi, Texas
Newark, New Jersey
Buffalo, New York
Anchorage, Alaska
St. Paul, Minnesota
Lexington-Fayette, Kentucky
Plano, Texas
St. Petersburg, Florida
Fort Wayne, Indiana
Glendale, Arizona 
Jersey City, New Jersey
Lincoln, Nebraska
Greensboro, North Carolina
Henderson, Nevada 
Chandler, Arizona
Norfolk, Virginia
Birmingham, Alabama
Scottsdale, Arizona
North Hempstead, New York
Madison, Wisconsin
Baton Rouge, Louisiana
Hialeah, Florida
Chesapeake, Virginia
Garland, Texas
Babylon, New York
Orlando, Florida 
Akron, Ohio 
Chula Vista, California
Lubbock, Texas
Rochester, New York
Laredo, Texas
Modesto, California
Reno, Nevada
Durham, North Carolina