$400,000 Condominium Association Loan for 218-Unit Community in Rockville, Maryland
Gelt Financial closed a $400,000 condo association loan for a 218-unit condominium community in Rockville, Maryland. The financing paid off high-cost contractor obligations and other expenses tied to major capital repairs and emergency infrastructure work throughout the property.
Deal Snapshot
- Loan amount: $400,000
- Community: 218-unit condominium in Rockville, Maryland
- Term: 84 months, fully amortizing
- Association profile: strong annual revenue and no bank debt at closing
- Underwriting: no appraisal, no real estate collateral, and no personal guarantees
We focused on the strength of the association to structure a solution that addressed its immediate capital needs.
How Can Gelt Financial Help Condo and HOA Associations?
Deals like this show how Gelt Financial can help condominium and HOA associations access capital for major repairs, infrastructure projects, contractor obligations, and other time-sensitive expenses. We structure financing around the association’s cash flow and receivables and work to provide a practical path forward when traditional financing may not fit. As a family-owned lender, we stay honest about our terms, with no hidden fees.
Need financing for your condominium or HOA association? Apply now at GeltFinancial.com or call us at 561-221-0900 today! Gelt Financial is ready to discuss your association financing needs.
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