Direct Lender for Condo Associations and HOAs

We offer condominium association and HOA financing when you don’t have time or don’t quality for a bank. We are a private, non-bank lender who can close your loan in just a few weeks!

When your bank says No, we say Yes!




    Loan Program Highlights

    • Loan Amounts starting at $50,000

    • Flexible Terms

    • Interest-Only or Self-Amortized
    • Bank Turndowns Welcomed
    • No Personal Guarantees
    • No Real Estate Collateral
    • Self-Managed or Professionally Managed
    • Small or Large Associations

    Ready to get started?

    Please fill out and email a copy to info@geltfinancial.com

    Recently closed Homeowners Associations Loans

    Atlanta, GA – 81-Unit HOA

    downtown Atlanta

    $365,000

    – 60-Month Loan –

    Seattle, WA – 22-Unit HOA

    Seattle

    $45,000

    – 60-Month Self-Amortizing –

    Miami, FL – 162-Unit HOA

    Condo building Miami

    $1,500,000

    – 120-Month Self-Amortizing –

    HOA Loans frequently asked questions

    Are you a direct lender or a broker?

    Gelt Financial is a direct lender, not a broker, and has been providing condominium association financing and HOA lending solutions since 1989. You work directly with the team that structures and approves your association financing.

    Community associations come to us when community banks or larger financial institutions have declined their request, or when they do not have time for a slow loan process. We provide financing for capital improvements, reserves, legal and collection costs, lawsuit settlements, bankruptcy exit, and short-term cash shortfalls.

    We typically provide HOA and condo association loans starting at $50,000, with the capacity to lend significantly higher amounts for larger projects and communities. Loan structure and size are based on your association’s financial health, operating budget, and cash reserves.

    Rates are based on risk, loan structure, and term, and are designed to be more competitive interest rates than many non-bank HOA lending options available to community associations.

    Rates start at 12.00% for interest-only or self-amortized loans.

    The process is straightforward: you contact us with your request, complete a short application, and provide financial information on the association. Our team reviews the package, proposes terms, and works with board members or management to move efficiently from approval to closing.

    We review the association’s financial statements, delinquency rates, assessments, cash reserves, number of owner-occupied units, and overall balance sheet strength to understand the association’s financial stability before approving HOA lending.

    Most qualified associations can close and receive funds in a matter of weeks, depending on how quickly information is provided and documents are completed. Our goal is to provide financing on a timeline that matches the needs of your project and operating budget.

    No, HOA and condo association loans are made to the association itself, and we do not require personal guarantees from individual unit owners or board members.

    In many cases, we can finance up to 100 percent of approved capital improvements, including roof replacement, concrete restoration, 40-year inspections, and Local Law 11-related work. The final loan structure depends on the project’s scope and the association’s overall financial health.

    Our HOA loans do not use real estate as collateral; they are secured by the association’s assessments, cash flow, and rights set out in the association’s governing documents. We do not place liens on individual units or common areas.

    Yes, we lend to both self-managed and professionally managed community associations. We focus on the strength of the association and its ability to manage loan payments, not just on whether it uses an outside management company.

    We are happy to work with mortgage brokers, financial advisors, and other professionals who represent condominium and HOA clients. Brokers can submit association financing requests, and we provide underwriting and funding as the direct lender.

    Yes, we will consider associations with higher delinquency rates, especially when there is a clear plan to improve collections and financial stability. We evaluate the entire situation and use a common-sense approach rather than a single cutoff number.

    Typically, we request the association’s financial statements, budget, recent delinquency report, governing documents, and information on the planned use of funds. For an initial review, we can start with a completed application and basic financials, then tailor any additional documentation to your specific loan request.

    Loan Calculator

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    **Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.

    Period Payment Interest Balance

    The repayment amount shown using this calculator is an estimate based on the information you have provided. It is provided for illustrative purposes only, and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement, or advice by Gelt Financial. It does not take into account your personal or financial circumstances.