---
title: Can HOA board approve multi-million dollar loan?
description: Can a HOA Board approve a loan for millions of dollars in purchasing the Clubhouse from the developer by themselves without going to the membership for approval.
image: https://www.condoassociation.com/hubfs/hoa-loan-options.jpg
---

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# Can HOA board approve multi-million dollar loan?

| [Condo Association Loans](https://www.condoassociation.com/blog/topic/condo-association-loans) |  

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## What do you think? Question:

Can a HOA Board approve a loan for millions of dollars in purchasing the Clubhouse from the developer by themselves without going to the membership for approval.

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## What do you think? Answers (11)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

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### [Condo board makes landlord pay annual fees upfront](https://www.condoassociation.com/blog/condo-board-makes-landlord-pay-annual-fees-upfront)

### [Approval of the change by the majority of the unit owners](https://www.condoassociation.com/blog/approval-of-the-change-by-the-majority-of-the-unit-owners)

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