Direct Lender for Condo Associations and HOAs

We offer condominium association and HOA financing when they don’t have time for a bank to close the deal or don’t qualify for bank financing. We are not brokers but a private, non-bank commercial lender who can move fast and use a commonsense approach to lending. We can get you funded in just a few weeks!

When your bank says No, we say Yes!




    Loan Program Highlights

    • Loan Amounts starting at $50,000
    • Rates starting at 12.00%
    • Interest-Only or Self-Amortized
    • Bank Turndowns Welcomed
    • No Personal Guarantees
    • No Real Estate Collateral
    • Self-Managed or Professionally Managed
    • Small or Large Associations

    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?

    We are a direct lender and have been in business since 1989.

    Two common reasons: the bank turned them down OR they don’t have time to wait for the bank. We have provided loans to associations for capital improvements, reserves, legal/collection costs, lawsuit settlements, bankruptcy exit, and cash shortfalls.

    Loan Amounts start at $50,000 and have no limit!

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

    Please contact us with your loan request, fill out a loan application, and we will close as fast as documentation is provided. Most loans close in a few weeks.

    Number of delinquencies, liquidity, number of owner-occupied units, monthly and special assessments, management board’s experience, etc.

    The average deal closes in a matter of weeks!

    No, the loan is made to the association without personal guarantees.

    Yes, Yes, and Yes!

    Since we lend on all assets of the association, if the loan went into default, we have the right to collect monthly assessments and dues directly from homeowners.

    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.