Helping Associations Access Affordable and Flexible Financing
We work with your association to understand your financing needs, gather all required documentation, provide the best lending partner for your situation, and support you for the lifetime of your loan.
“Providing a superior financing service for your community is our number one mission at HOAloan.com.”
Capital Improvement Loan
Special Assessment Loan
Operating Loan
Line of Credit
Construction Loan
Capital Improvement Loan
For large-scale improvement projects, such as major repairs, renovations, or enhancements
- Terms: Medium to long-term loans, often secured by future assessment income
- Collateral: Typically secured by future assessment income, sometimes by a lien on the property or other HOA assets
- Use Cases: Roof replacement, repaving roads, upgrading amenities, or adding new facilities
Special Assessment Loan
To fund specific projects that require a special assessment from homeowners
- Terms: repayment is typically tied to the collection of special assessments
- Collateral: generally secured by the special assessments themselves or a lien if delinquent
- Use Cases: Major repairs or renovations that cannot be covered by the regular budget
Operating Loan
To cover day-to-day operating expenses when the association experiences temporary cash flow shortages
- Terms: short-term loans, usually repaid within a year
- Collateral: often unsecured, but may require a pledge of future assessment income or a lien on the HOA’s operating funds
- Use Cases: managing unexpected expenses or delays in assessment collections
Line of Credit
To provide flexible access to funds as needed, typically for unexpected expenses or short-term cash flow issues
- Terms: revolving credit line with variable interest rates
- Collateral: may be unsecured, but might require a pledge of future assessments or a lien on the HOA’s assets.
- Use Cases: emergency repairs, temporary funding gaps, insurance claim funding gaps
Construction Loan
Finance new structures or major renovations within the HOA community
- Terms: short-term during construction, often converting to a long-term loan upon completion
- Collateral: typically future dues of community
- Use Cases: building new amenities (e.g., clubhouse, pool) or significant renovations to existing facilities
Our Process at HOAloan.com
We have been in your shoes and have helped thousands of homeowners navigate creative ways to keep their HOA communities safe, healthy, beautiful, and valuable
Strategy and Planning
1 on 1 meeting to review what financing options are best for your community
Coordination
Find lending partner and communicate between lenders, CAMs, HOAs, and homeowners
Loan Closing
Final reviews to confirm the financing opportunity matches finances and project timeline
Ongoing Support
Financial reporting, amortization, and refinancing support post loan