We provide permanent loans ($25K - $250K) to small condominium associations for critical capital improvements - roofs, elevators, boilers, building envelope.
The Problem
Banks can't serve small associations. Underwriting a $75K loan costs the same as $750K, and regulatory requirements make small loans uneconomical.
The Solution
Loans secured by assignment of assessments and super-priority liens. Property manager distribution. Zero known defaults in this asset class since 1979.
- 4-25 unit buildings
- 40+ years old
- Professionally managed
- Illinois, Massachusetts, Connecticut (expanding)
CEO
Former commercial real estate and pension fund investment analyst. 15 years finance & technology leadership.
Managing Director / CIO
11 years community development lending. $300M+ structured at CIC and NCIF.