HOA Loans

Started by StevenG • 4 replies • 2154 views

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StevenG
Posts: 1

Posted:

Has anyone ever gotten an HOA loan? If so, can someone refer me to a bank. Our subdivision is in Atlanta, GA. We have tennis courts that need to be redone for $35K and we don't have the $$ in reserve right now.

JanetS
Posts: 14

Posted:

I suggest trying to have a special assessment.....Read your By-laws on what amount is allowed for loans, if that is the way the stockholders vote.

RogerC3
Posts: 1

Posted:

try condoassociation.com, they provide loans and insurance to condo associations and hoas

KirkW1
Posts: 1,659

Posted:

http://www.hoatalk.com/tabid/76/Default.aspx?ID=NCB

I have no experience with them, but they sponsor this board and advertise that they loan money to HOAs.

ChrisW4
Posts: 16

Posted:

Last year, we refinanced a construction loan with Banco Popular http://www.bancopopular.com.

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