Break free from bank limitations with TuCielo Association Financing
When it comes to funding community improvements, TuCielo offers benefits that banks simply can’t match.
Here’s how we stand apart
Traditional Banks
Banks often insist that the association maintain significant operating/deposit balances within their institution.
TuCielo Association Financing
TuCielo allows the association to maintain its current banking relationships / deposit accounts.
Traditional Banks
Rigid and exhaustive underwriting process without flexibility.
TuCielo Association Financing
Flexible and personable underwriting process to quickly close the association’s loan.
Traditional Banks
One-size-fits-all, typically shorter amortization periods for the loan, which may overburden the unit owners with higher monthly payments.
TuCielo Association Financing
We offer longer amortization periods than a traditional bank and can finance the loan over the life of the project up to 25 years, lowering the monthly payment.
Traditional Banks
Unable to lend required reserves for future projects.
TuCielo Association Financing
Allows the association to obtain financing for required reserves.
Traditional Banks
Traditional banks typically have a physical building and may require in-person availability when documenting the loan.
TuCielo Association Financing
TuCielo Association Financing is fully digital allowing the association to apply and close the loan from anywhere in the state of Florida.
Here’s how we stand apart
Endless paperwork, rigid criteria, and short repayment terms shouldn’t stand between your community association and its needed renovations.
At TuCielo Association Financing, our team has spent 15 years helping communities secure the capital they need—without the usual bank headaches.
Unlike traditional banks, we allow you to maintain your current banking relationships. Our holistic approach to underwriting gives us the flexibility to tailor solutions which can help more communities than traditional bank lenders.
Paid Without TuCielo Association Financing
$10,000
per unit
Paid With TuCielo Association Financing
$100/mo
per unit
It’s important to understand several key features of our Association Financing product:
Financing available for common area repairs or improvements, property maintenance, or required reserves for future projects
Ability to amortize the loan for the life of the improvement (maximum available term: 25 years)
Competitive rates1
Origination fee may vary; can be financed into the loan
Debt service account requirement, which may also be financed with the loan
Structural Integrity Report Study (SIRS) required and must be completed within the last 5 years
1Actual interest rate may be fixed or variable; amount financed, interest rate, debt service deposit account, project approval, and amortization period subject to underwriting review, credit qualification, market conditions, and project details.
