Request a Free Loan Proposal for your Association

Advantages of Funding Community and Co-op Projects With HOA Loans

Roger Chase on Mar 3, 2010 11:24:00 PM


The advantages of obtaining hoa loans to meet capital improvement needs include:

  • If funds are needed immediately for a capital improvement project, a co-op loan can help avoid a one-time special assessment fee, which some unit owners may not be able to afford.
  • A co-op loan may minimize increases to member assessments, spreading the repayment over a longer period of time.
  • A co-op loan will allow the association to receive more competitive bids on improvements, since all the repairs can be done at the same time.
  • A co-op loan can allow the association to maintain a healthy reserve account for other emergencies.

Thanks to these new co-op, condo and HOA loan packages, associations facing major capital improvements have other options for raising money instead of simply passing these unpopular assessment increases on to members.

Learn more about condo association loans or HOA loans.


Leave a comment

HOA & Association Lending Nationwide

hoa loan

Contact Information:

Submit the quick form to speak with us!

  • Experienced HOA Lenders
  • No obligation to speak with us
  • Competitive rates
  • Flexible terms

Some loan uses include:

  • Repairs & Improvements
  • Restorations
  • Capital purchases and buyouts
  • Reserve funding
  • Refinancing of current debt obligations
  • Litigation and Insurance funding

General Requirements:

  • Minimum of 25 units
  • Minimum loan amount of $250K