Insights

HOA Banking

Working with a resource that understands HOA banking and the community management industry can be your advantage. Our experienced bankers are here to provide you with valuable insights and tools by sharing their market- and sector-specific expertise in the following articles.

Insights

Tap Into Smart Thinking

A bank customer reading about wire fraud

A $300,000 Wire Fraud Deception: One Client’s Experience and What to Know

A $300,000 insurance payment turned into a nightmare for a community management, and the HOA they serve, due to a sophisticated email spoofing scam. Learn how they recovered some funds and discover best practices to prevent similar wire fraud incidents.

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A residential development managed by an HOA management company

How Community Associations Can Manage Loan Repayments for Major Projects

Bank financing offers a powerful tool for community associations and association managers to fund major expenses, from significant improvements to unexpected events. The type of loan and type of homeowner community have an impact on repayment strategies.

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A well-managed community association

HOA Financing for Major Projects: Navigating the Loan Application Process

When community associations need to finance major improvements, they may require a bank loan. Read on to learn how to navigate HOA financing, from preparing to apply through the loan approval process.

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Preparing to Borrow for Major Projects: What Association Management Companies Should Know

From time to time, community associations may need a loan to finance major improvements or other expenses. Meeting the bank’s lending criteria before applying can set your association up for success. Read on to learn what the bank will be looking for.

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Aerial view of housing subdivision

Smart Borrowing: HOA Loans Can Help Community Associations Tackle Large Expenses

For HOAs and community associations facing large-scale costs, having a specialized banking team can be an invaluable asset. Find out how we can help.

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How to Prepare Before Applying for a Community Association or HOA Loan

An HOA loan can be a valuable tool to help community associations fund large or long-term projects without depleting cash reserves. Learn how to prepare.

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Solar panels on a rooftop viewed from the street

C-PACE: Non-Traditional Funding Options Helps Owners, Developers Go Greener

A new opportunity has emerged in recent years as a strategic lending option for many within the commercial real estate space specific to clean energy construction and renovation projects.

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Overhead view of a neighborhood

Smart Borrowing Provides a Gateway to Helping Associations Tackle Large Expenses and Preserve Reserves

Community associations are essential to maintaining the community, but large and unexpected expenses can leave association board of directors weighing the best way to cover costs.

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Why Borrow?

Utilizing financing is a way to spread the cost of common area improvements out over time, and is a way to address the issue of assigning the cost of improvements to those who are benefitting from them.

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First Steps in Preparing to Undertake a Loan

When a bank evaluates a loan request, there are some key metrics that may be used to gauge the credit risk of the association. Read more to learn about factors a bank may consider during the underwriting process.

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