Homeowner Association Loans

Nationally Avenue Capital Solutions works with a diverse group of lenders to provide loans for Condominiums and Homeowners Associations. We have worked with HOAs in various capacities for over 10 years including financing acquisition, construction management and construction related consultation services. Our goal is to provide our clients the best possible funding source along with an experienced resource throughout the project.

Lending to Homeowner Associations and Condominiums is a specialized field within commercial banking.  As non-profit corporations, HOAs have the ability to borrow money on behalf of the owners to fund repair projects, litigation costs or other unplanned projects while providing a long term payment option.  These commercial loans are specifically designed to accommodate State Condominium law requirements as well as governing document requirements unique to each Association.


General factors considered for Association loan approval:

  • Delinquency Level
  • Adequate Reserve Fund
  • Owner Occupancy/Rental Rate
  • Assessment Increase for Loan
  • Unit Value Ratio
  • Professional Team
  • Liquidity Level


Typical loan Options:

  •  Line of Credit converting to Term Loan
  •  Line of Credit: Interest Only payments during Construction
  • Full Term Loan Option
  • Adjustable rates and Fixed Rate Options
  • No Prepayment Penalties
  • 3-15 year Terms Available


  •  Loan is based on Association
  •  Real Estate is not used as collateraL
  • Liens are not placed on the individual units
  • Individual credit is not required