by Arch Capital Solutions | Condominium Financing, HOA Financing, HOA Loan, Loans, Understanding Financing
Types of HOA Loans Homeowners Association (HOA) Boards of Directors carry considerable fiscal responsibility and are accountable for keeping their communities running optimally. Typically, HOAs fund a wide variety of projects with community members’ dues. Ideally,...
by Arch Capital Solutions | Condominium Financing, HOA Financing, HOA Loan, Loans, Refinance, Understanding Financing
While some lenders specialize in condominium and homeowner association financing, a few do it as a courtesy to existing relationships and others simply say no. All lenders are not the same. Each financial institution can require particular types of information, charge...
by Arch Capital Solutions | Condominium Financing, HOA Financing, HOA Loan, Loans, Refinance, Understanding Financing
Borrowing money for the sake of borrowing, to build up a reserve, or to simply delay an inevitable assessment are near the top of the bad idea list when it comes to reasons a condominium or homeowner association may choose to borrow money. On the other hand, funding...
