by Arch Capital Solutions | Oct 31, 2020 | Condominium Financing, HOA Financing, HOA Loan, Loans, Refinance
When faced with expenses, homeowner association boards may find their current income and reserve structure insufficient to meet the community’s capital needs. Although HOAs can mandate a lump sum special assessment, often times this is not the ideal solution. Many...
by Arch Capital Solutions | Oct 31, 2020 | Case Studies
A 100-year-old NYC Condo building needed a facelift. The 10-story building had been converted to condos back in 1995. For the past few years, the board had been barely getting by with patchwork repairs to the elevator and roof. Unfortunately, they had no reserve funds...
by Arch Capital Solutions | Oct 31, 2020 | Case Studies
Realtors in the area knew that units in the Atlanta condominium complex were undervalued. There was a general reluctance to steer potential buyers to the building because of the ominous repairs that were needed. Both realtors and buyers were afraid of the “unknown”....
by Arch Capital Solutions | Oct 31, 2020 | Case Studies
Why HOAs expand? Fortunately, expansionists boards do not govern most associations. But on occasion, an opportunity arises that is worth consideration. When an opportunity arises, few HOAs have a war chest of funds readily available to take advantage of the situation....
by Arch Capital Solutions | Oct 31, 2020 | Case Studies
A 300 unit association in Florida had been patching, maintaining, and repairing their gravel road for years. They had lived with the situation for a long time. To make matters worse, each time it rained, the old and dated culverts flooded. Unfortunately, the rains in...
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