by Arch Capital Solutions | 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 | 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 for the sake of borrowing, to build up a reserve, or to simply prolong an inevitable assessment are near the top of the bad idealist when it comes to reasons a condominium or homeowner association may borrow money. On the other hand, improvements, taking...
