If your Homeowner's Association or Condo Association has decided that an association loan is the way to go to fund your next project, rest easy knowing that the lending team at Valley has worked with community associations of every size to finance their projects at the right terms and rates.
See some recent examples of our HOA financing below.
Condo Association loan for common area repairs and renovations
A Condo Association in Broward County, FL, needed $12 Million for common area repairs and renovations. Valley was able to get them funded in less than 30 days.
Condo Association needed a new roof and more
A Condo Association in Jersey City, NJ, needed $1.6 Million for a roofing project and a gas line replacement. Valley's rates and terms allowed them to get the funds they needed without a special assessment for the condo owners.
Today, when the drug store is no longer the drug store, the grocery store is not the grocery store, and the local bank is no longer the local bank, it is refreshing to find a major financial institution that still meets customer needs on an individual basis.
- President, Villages of Stella Maris Master Association, Naples, FL
HOA loan for planned special projects
A Homeowner's Association in Palm Beach, FL, needed $900K for scheduled projects like concrete restoration, pool deck resurfacing, balcony repairs and more. They were able to do the necessary repairs in a timely manner without special assessments to the homeowners thanks to Valley's rates and agreeable terms.
Condo Association Line of Credit for common area repairs and renovations
A Condo Association in Broward County, FL, needed a $100K Line of Credit for common area repairs and renovations. Valley was able to get them a great rate and the funds they needed in just over a month.
Condo Association - multiple loans for capital improvements
A Condo Association in Palm Beach, FL, needed two different loans for Master Plan Capital Improvement projects including roof replacements. Valley was able to get them set up with their two loans that had the rates and terms the association needed to get the work done - all in under 60 days!