Plan for the unplanned with immediate access to funds.
Unexpected costs can strain even the most prepared community associations. Whether it’s storm recovery, emergency repairs, or seasonal cash flow gaps, we’re here to offer immediate access to funding without depleting your reserves or issuing special assessments.1 We can also help fund reserve balances to meet structural integrity reserve study (SIRS) requirements in Florida.
What can a contingency line of credit cover for you?
Get what you need to support a wide range of urgent expenses, including:
Storm or disaster recovery
Access funds quickly for cleanup, remediation, and repairs after hurricanes, floods, or fires.
Emergency structural repairs
Cover immediate repairs to balconies, decks, roofing, or common-area infrastructure.
Insurance premium payment
Bridge the gap between policy renewals and assessment collection with 100% financing.
Additional cash flow support
Maintain essential services during seasonal dues fluctuations or budget shortfalls.
Life safety and code compliance
Handle fire alarm upgrades, lighting issues, or safety system failures with minimal delay.
Interim capital funding
Use your credit line to fund critical work while long-term financing is being finalized.
Frequently asked questions about contingency lines of credit.
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A contingency line of credit is a pre-approved credit line designed to help condo and homeowner associations access funds quickly in case of emergency, shortfall, or unplanned need.
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Condominium associations, HOAs, and other other residential associations. No individual homeowner underwriting is required, while approval is handled at the board level. You must have a minimum of 15 units to apply.
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Association loans are customized based on your association’s size, budget, and financial health. Your banker will guide you through the process.
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For emergency or unexpected expenses like storm damage, urgent repairs, insurance premium gaps, or temporary cash flow support.
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Flexible repayment schedules are available, with interest-only options during the draw period and no prepayment penalties.
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Once your line is approved, funds are available immediately. Expect no delay when emergencies happen.
Find the right loan for your community’s unique needs.
As an HOA management company, you can explore solutions designed to ensure adequate reserve funds and operating funds to help you protect what matters most.
Long-term, fixed-rate funding for capital improvements, from roofing to HVAC upgrades.
Stay protected with up to 100% financing and repayment terms of up to 11 months.
1 All loans are subject to credit approval. Rates, program terms, and conditions vary.