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Community Association Loans

Financing Capital Improvements

Community Associations — including condominium and homeowners associations — need access to capital to pay for large scale projects. With over two decades of experience in community association lending, NCB will work with the association in providing the best financing to meet the needs of the community.

Loan Products

  • Term Loans   
  • Line of Credit/Term Loan Combination

Loan Size and Purpose

  • $250,000 minimum    
  • Developer deficiencies

Key Requirements

  • Delinquency <10% of annual income   
  • Delinquent units <15% of units
  • Balance in reserves ≥10% of gross income   
  • At least 20 units and 50% owner occupied

Kips%20Bay

 

NCB Is The Right Fit For NYC's Kips Bay Towers.

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