Community Association Loans
Financing Capital Improvements
Community Associations — including condominium and homeowners associations — need access to capital to pay for repairs. With over 40 years of experience in community association lending, NCB will work with the association in providing the best financing to meet the needs of the community.
Loan Products
- Term Loans
- Line of Credit/Term Loan Combination
Loan Size
- $250,000 minimum
Key Requirements
- Delinquency <10% of annual income
- Delinquent units <15% of units
- Balance in reserves ≥10% of gross income
- At least 20 units and 50% owner-occupied