We help condominium and HOA boards across the United States arrange financing for major repairs, so owners can spread their share of the cost over time.
An engineer’s report may call for concrete restoration, a new roof or life-safety repairs. The contractor needs a payment schedule. Owners need to know how much they owe and when.
A large, one-time assessment can be especially hard on a retired owner living on a fixed income or a family already budgeting for insurance and dues. Unresolved repairs and reserve shortfalls can also complicate a buyer’s financing.
An association loan gives the board another way to fund the same work. The association borrows for the project and repays the loan over time through assessments. Our role is to show the board what each option would mean for its owners before a vote.
Your board may arrange a major loan once in a generation. Our founders work directly with your board and manager from the first conversation through closing.
| Board question | How we help |
|---|---|
| Who lends to associations like ours? | Prepare one package and present it to bank and non-bank lenders that finance association projects. |
| Which proposal fits the work? | Compare rates alongside draw periods, repayment terms, prepayment conditions and monthly cost per unit. |
| What could delay approval? | Review the budget, reserves, delinquencies and borrowing authority before the file goes to underwriting. |
We work from your project budget and schedule to find out how much the association needs, when it needs the funds and what its assessments can reasonably support.
Milestone and recertification repairs, concrete restoration, roofs, balconies, waterproofing and painting, elevators, plumbing and risers, HVAC, electrical and life-safety systems, and reserve or capital projects.
Review the budget, reserves and delinquency reports to identify what a lender will ask before the board applies.
Present one application package to bank and non-bank lending partners. Compare their rates, draw periods, repayment terms and prepayment conditions.
Give owners a side-by-side view of a lump-sum assessment and the estimated monthly cost under different financing terms.
Match funding to the engineer’s scope, contractor invoices and repair schedule, including phased draws when available.
Bring the project scope, deadline, current budget and reserve information. We model options and flag questions early.
Review lender term sheets side by side, including the monthly cost per unit, draw schedule and conditions.
We coordinate document requests and questions between your board, property manager and lender.
We work with the association and its counsel through closing so the board can coordinate funding with the project schedule.
Illustrative terms only. Each lender sets its own terms, collateral and approval conditions after underwriting.
A $1.2 million repair project shared equally by 100 units comes to $12,000 per unit. Compare that one-time amount with the principal spread over several years, then enter your own figures.
| Payment option | Due at once | Monthly principal per unit |
|---|---|---|
| One-time assessment | $12,000 | — |
| 5-year financing | — | $200.00 |
| 10-year financing | — | $100.00 |
| 15-year financing | — | $66.67 |
Principal only. Interest, lender fees and closing costs increase the actual cost of financing.
Leave the rate blank for a principal-only illustration. Enter a fixed annual rate to include interest.
Please check the highlighted fields to see an estimate.
Illustration assumes equal shares, level payments and full funding at the start. Lender fees, closing costs and construction-period draws are excluded. Actual assessments follow the association’s allocation rules.
Adriana Serrano and Elias Gonzalez founded Recert Funding Group in Florida after seeing how a sudden assessment could put a family’s home or a pending sale at risk. This husband-and-wife team works directly with condominium and homeowners associations across the United States.
Adriana brings ten years of paralegal experience to the work of organizing governing documents, tracking deadlines and preparing a board’s financing file.
A Miami-Dade real estate broker licensed in 2013, Elias brings more than 15 years of real estate experience. His work with South Florida condominium owners shapes how he evaluates the effect of an assessment on a unit sale, a closing or a family’s plans.
We arrange financing for condominium and homeowners associations across the United States. Lender availability, approval and terms depend on the association and the project. Individual real estate services are offered separately in Florida under applicable licenses.
Recert Funding Group advises the association and arranges financing through third-party bank and non-bank lenders. Each lender sets its terms and makes its own underwriting and approval decisions.
The association borrows as an entity. Lenders typically look to dues and assessment income. Individual unit liens and owner guarantees are generally not required. Your lender’s documents determine the actual collateral and obligations.
RFG charges no retainer, hourly fee or upfront advisory fee. RFG receives its compensation at closing. If the loan does not close, no RFG fee is due. The lender sets its own charges and closing costs.
Start with governing documents, current budget and financial statements, reserve study, insurance certificates, delinquency and owner-occupancy reports, engineering reports and contractor bids. Ask association counsel to confirm borrowing authority and any required owner vote.
Timing depends on the lender, project and completeness of the file. Share your recertification deadline and contractor schedule during planning so they can inform the funding request.
The founders can help Florida owners explore selling or refinancing a unit separately from the association loan. Available services depend on the property, the owner’s circumstances and applicable licenses.
Start with the building, the deadline and the scope of work. Use the project brief to bring the same figures to your board, manager and financing advisor.
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