Resources

Working With Your HOA Loan Broker

HOA loan brokers can add tremendous value to an association’s board of directors. Frequently, boards are turning to brokers who have expertise and insight into the HOA loan marketplace.

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Types of HOA Loans

Although businesses have access to a wide array of financial products, condominium and homeowner associations are much more limited. Most condominium and HOAs can qualify for a line of credit, a medium or long-term

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Where To Turn for Your HOA Loan

Legal Checkup Before your condominium or homeowner association decides to move forward with financing, they should contact legal counsel to help assess whether or not the association actually has borrowing authority. Communication The next

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Why Home Owner Associations Borrow

HOA Loan Basics 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,

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This Old HOA

Depressed values Realtors in the area knew that units in the California condominium complex were undervalued. There was a general reluctance to steer potential buyers to the building because of the ominous repairs that

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Financial DIY Mistakes of HOAs

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

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HOA financing: now or later?

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

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