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Community Association Loans

Financing Capital Improvements

Condominium and homeowner 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

HOA Prequalification Form