Start Saving on Loans for HOAs and Condo Associations
Use this interactive map to see how FirstService Financial helped communities like yours secure over $434 million in loans in 2021. Loan totals are available by state.
How can FirstService Residential help you save on HOA and condo association loans?
FirstService Financial assists FirstService Residential clients in fulfilling their financing requirements at the most competitive interest rates and terms available. FirstService Financial has facilitated more than $2 billion in loan placements for HOAs and condo associations.
Who is FirstService Financial and what services do they provide?
FirstService Financial provides best-in-class banking and insurance services for properties managed by FirstService Residential. As our trusted financial services affiliate, FirstService Financial creates value for our clients by delivering unmatched reserve funding, investment, and lending solutions. FirstService Financial also streamlines clients' payment solutions, maximizes the return on their investments, and monitors their funds for security and fraud prevention.
Why can FirstService Financial offer savings on loans for HOAs and condo associations?
With billions in deposits placed at commercial banks specializing in real estate, FirstService Financial negotiates lower interest rates and more favorable terms than communities can typically obtain on their own. These negotiations often translate into significant loan savings for HOAs and condo associations.
FirstService Financial leverages:
- Deep industry experience
- $6 billion in client deposits
- $500 million in annual loan origination with partner banks
Our in-house experts:
- Determine optimal allocation based on liquidity needs or reserve fund/study alignment
- Serve as liaison between the board, property manager, financial analyst, and bank/broker
- Provide an added layer of support and accountability for boards
- Expedite loan closing based on in-depth knowledge of process and lender expectations
How can my HOA or condo association improve its cash management?
FirstService Financial provides clients with banking solutions to streamline, maximize, and monitor accounts. A dedicated, highly trained in-house team of financial professionals provides a full range of cash management, treasury and investment solutions that clients navigate the complex association banking landscape.
How can cash management for HOAs and condo associations be streamlined, maximized and monitored effectively?
FirstService Financial assists clients by streamlining account onboarding, maintenance, resident payments and vendor payables solutions. A team of professionals with specialized HOA and condo lending expertise can maximize your investments with best-in-class product offerings at competitive rates. Effective cash management means consistent monitoring and fraud prevention to ensure the secure management of your financial assets.
Does FirstService Residential have experience handling loans for HOAs and condo associations?
FirstService Residential clients have access to the dedicated professionals of FirstService Financial. As community association specialists, the FirstService Financial team has experience with transactions of all sizes and offers oversight of the entire lending process—analysis, underwriting, negotiation, documentation, closing, and funding—to ensure a seamless and efficient operation. By combining a national presence with capital markets expertise, FirstService Financial provides unparalleled benefits that support the lending needs of our clients. Furthermore, our senior-level relationships with capital sources allow us to negotiate the best pricing and terms available for the complex, customized solutions specific to the needs of our industry. Specifically, FirstService Financial brings added value to the process of securing loans for HOAs and condo associations with:
- Expertise in underwriting common interest community loans
- Strong relationships with regional and national lending partners
- Streamlined underwriting process resulting in expedited funding
- Flexible and creative financing requirement solutions