by Arch Capital Solutions | Condominium Financing, HOA Financing, HOA Loan, Loans, Understanding Financing
Navigating the HOA loan process alone can a be risky business A friend of mine relocated from Michigan to Florida. Since he’d done his own landscaping for decades, he decided to continue this pursuit at his new home. He spent thousands of dollars and countless...
by Arch Capital Solutions | Condominium Financing, HOA Financing, HOA Loan, Loans, Understanding Financing
HOA Loans for Repairs: Borrow now or later? A homeowner association approached us recently for advice on an interesting issue. Their association needed to undertake an extensive and expensive repair project. They all agreed that the project was necessary. However,...
by Arch Capital Solutions | Condominium Financing, HOA Financing, HOA Loan, Loans, Understanding Financing
Banks Deny Loans Some clients call us after their regular bank has denied them an HOA loan. They are flummoxed because they (mistakenly) believed that the bank would loan money to their association. While most board members are familiar with the car, home, and/or...
by Arch Capital Solutions | Condominium Financing, HOA Financing, HOA Loan, Loans, Understanding Financing
Here’s What Lenders Need From You If your HOA lacks the financial resources it needs to move forward with a project, there are a few things you should know about how to get an HOA loan. HOA loans are not like home or auto loans. That’s why HOA board members should be...
by Arch Capital Solutions | Condominium Financing, HOA Financing, HOA Loan, Loans, Understanding Financing
Your HOA just received an LOI (Letter of Intent) for the loan you need. Now what? Hopefully, in your quest to negotiate a loan your HOA will receive a LOI from your bank. This document can also be referred to as a Term Sheet, Memorandum of Understanding (MOU), or...
by Arch Capital Solutions | Condominium Financing, HOA Financing, HOA Loan, Loans, Understanding Financing
Why Work with a Loan Broker? HOA loan brokers fill a unique void. Most board members have relatively little experience when applying for homeowner association loans. These types of financial transactions are complex and unique. Unlike large corporations, HOAs don’t...
