Financing Solutions for Florida HOA and Condominium Associations
We specialize in Bank Turndowns
Tailored capital for major improvements and structural reserves. When traditional banks say no, Commercial Loans Florida provides the fast, flexible funding your community needs.
At Commercial Loans Florida, Inc., we specialize in financing solutions for community associations that have been declined by traditional lenders. We understand that when your bank says "no," your community’s capital projects and essential infrastructure needs do not stop.
We specialize in bank turndowns, utilizing common-sense underwriting to provide the fast, flexible funding your association needs when institutional lenders cannot. Our private, non-bank financing is structured to help you fund critical repairs, maintenance, and mandatory inspections without the long approval timelines of traditional banks.
12%
INTEREST RATED
189 MIL+
FUNDED
23+
year of experience
15+
Industry Awards
Capital Funding for Every Community Need
Whether you are a self-managed community or a large professionally managed condo association, we offer financing for:
Capital Improvements: Roof repairs, siding replacement, and concrete restoration.
Mandated Compliance: Funding for 40-year inspections, life safety upgrades, and SIRS (Structural Integrity Reserve Study) requirements.
Operational Stability: Solutions for insurance premium increases, legal costs, and temporary cash flow shortfalls.
Why Choose Commercial Loans Florida?
We specialize in non-bank association financing, providing solutions when traditional lenders cannot. Our programs are designed to help you fund critical projects without depleting your reserves or imposing massive special assessments on unit owners.
Bank Turndowns Welcome: We provide creative, common-sense underwriting when your bank has declined your request.
No Personal Guarantees: No liability for board members or unit owners.
No Real Estate Collateral: Loans are secured by your association’s future assessments, not individual units or common areas.
Rapid Closing: Avoid project delays with our streamlined, private lending process.
Capital Funding for Every Community Need
Whether you are a self-managed community or a large professionally managed condo association, we offer financing for:
Capital Improvements: Roof repairs, siding replacement, and concrete restoration.
Mandated Compliance: Funding for 40-year inspections, life safety upgrades, and SIRS (Structural Integrity Reserve Study) requirements.
Operational Stability: Solutions for insurance premium increases, legal costs, and temporary cash flow shortfalls.
Our Financing Process
We analyze your association’s financial health—including delinquency rates and operating budgets—rather than relying on personal credit. Our facility types include:
Term Loans: Fully amortizing loans for long-term project planning.
Interest-Only Lines: Pay interest only on funds drawn during the project construction phase.
Frequently Asked Questions
Why do community associations choose Commercial Loans Florida, Inc. for financing?
Community associations partner with us when traditional banks decline their request or when they require a faster funding timeline than institutional lenders can provide. We specialize in financing for capital improvements, reserve funding, legal costs, lawsuit settlements, bankruptcy exits, and short-term cash flow shortfalls.
What is the typical loan range for HOA and condo association projects?
We typically provide HOA and condo association loans starting at $100,000. We have the capacity to finance significantly higher amounts for larger community projects, with terms tailored to your association’s specific operating budget, financial health, and cash reserves.
What are the current interest rates for your association loans?
Rates are determined based on risk, loan structure, and the chosen term. We offer competitive interest rates for non-bank association financing, designed to keep long-term costs predictable. Rates start at 12.00% for interest-only or self-amortizing loan facilities.
How does the application and closing process work?
Our streamlined process is designed for efficiency. After you submit your request and basic financial documentation, our team reviews the package, proposes terms, and works directly with your board or property manager to move from approval to closing in a matter of weeks.
What criteria does Commercial Loans Florida, Inc. use for loan approval?
We evaluate the association’s overall financial stability, including financial statements, delinquency rates, assessment income, cash reserves, and the ratio of owner-occupied units. We focus on the association’s balance sheet strength rather than the personal credit of individual board members.
Can you finance 100% of capital improvements or mandated inspections?
Yes. In many cases, we can finance up to 100 percent of approved capital projects, including roof replacements, concrete restoration, 40-year inspections, and mandated safety upgrades. Final loan structures are customized to the project scope and the association's financial health.
Are personal guarantees required for HOA or condo loans?
No. Our loans are made directly to the association. We do not require personal guarantees from individual unit owners or board members.
What serves as collateral for these association loans?
Our financing is unsecured by real estate. Loans are secured by the association’s assessment stream, cash flow, and the rights defined in your governing documents. We do not place mortgages or liens on individual units or common areas.
Do you offer financing for self-managed associations?
Yes. We serve both self-managed and professionally managed associations. Our underwriting focuses on the association’s ability to manage loan payments effectively, regardless of management structure.
Can you provide loans to associations with high delinquency rates?
Yes, we provide common-sense underwriting. We consider associations with higher delinquency rates, provided there is a clear, viable plan for improving collections and long-term financial stability.
What documentation is required to start the loan request?
To begin, we typically require the association’s current financial statements, operating budget, recent delinquency report, and governing documents. We can start with basic financials for an initial review and will request any additional documentation needed to finalize your specific loan structure.
Ready to get started?
When traditional banks say no, Commercial Loans Florida provides the fast, flexible funding your community needs.
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