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Cogent Bank

Learn More About HOA Lending

Association Loans

 
Clubhouse with playgroundHomeowner and Condo  Association loans and lines of credit allow your association to fund a variety of projects and expenses, from common area improvements to maintenance and repairs. Many Homeowner and Condo Associations use loans or lines of credit as alternatives to a special assessment for unexpected expenses. You can even take out a loan to pay your annual insurance premiums.
 
  • Get a term loan or construction line of credit to pay for long-term capital maintenance projects or common area improvements.
  • Your insurance company may offer your Homeowner or Condo Association a discount for paying your entire insurance premium at the beginning of the year. Our line of credit lets you take advantage of this discount, then pay what you owe over time.
  • Be prepared to weather a natural disaster with a line of credit you can use to help rebuild, while you’re waiting for your insurance claim funds.