Working with a bank that understands HOA banking and the community management industry offers you a competitive advantage. Our experts can help you hone your industry know-how by sharing their market- and sector-specific expertise in Insights articles. It’s one more way we strive to make a difference for our clients.
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.
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.