Repair Loans

Built to keep your community in working order.

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Fund your fixes without the financial strain.

When it comes to repairs or restoration projects, we’re here to help. Our long-term, fixed-interest-rate repair loans¹ are designed to fund everything from structural fixes to system upgrades without straining reserves or raising dues from unexpected expenses.

What can you use your repair loan for?

We finance a wide range of capital improvements, including:

Balcony and deck repair

Ensure safety and meet inspection requirements with funding for structural repairs, resurfacing, and railing replacements.

Concrete restoration

Prevent long-term damage by addressing cracks, spalling, and leaks in walkways, parking areas, and structural supports.

Roofing replacement

Protect your buildings from the elements and extend their lifespan with full exterior envelope upgrades.

Parking area resurfacing

Maintain accessibility and safety in your community association with resurfacing, striping, and drainage improvements in common area lots and garages.

Plumbing, electrical, HVAC

Upgrade aging systems to meet current codes, improve energy efficiency, and reduce the risk of costly emergency repairs and replacement.

Safety and security systems

Prioritize safety by funding critical updates like fire alarms, emergency lighting, gate access, and surveillance to keep residents protected.

Be prepared for construction defects with a repair loan.

Get the funding your association needs to address construction defects—including issues identified during the Section 558 process—without draining reserves. Our repair loans offer the flexibility to complete essential work now while preserving long‑term financial stability.

Frequently asked questions about repair loans.

Repair loans can be used for most capital improvements, including balcony and concrete restoration, roofing and siding, plumbing and HVAC upgrades, parking area resurfacing, life safety systems, and more.
Homeowners associations (HOAs), condominium associations, and other common-interest communities may qualify for a repair loan. Loans are typically approved at the board level, with no individual homeowner underwriting required.
Loan amounts are based on the size of your project, the financial health of your association, and the value of your common assets. A Popular Bank representative can provide customized guidance during the consultation process.
We offer long-term, fixed-rate financing with flexible repayment options designed to support your budget without requiring special assessments or reserve depletion.
Yes. Repair loans can cover urgent repairs, including weather-related damage, safety violations, or systems that fail unexpectedly.
After a consultation, we’ll guide your board through the documentation, approval, and funding steps while keeping the process straightforward and timely.

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.