TuCielo Association Financing

Struggling under crushing special assessments and dwindling reserves? Tired of watching banks turn away your community’s vital renovations?

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.

Let's look at an example*:

Sun Sky Condominium needs a new roof. One option is for the association to require unit owners pay their individual assessments for the roof upfront. Or, another option is to finance with TuCielo to spread out the assessment payments over the life of the improvement. Consider the example below:

Cost of new roof: $1,000,000

Paid Without TuCielo Association Financing

$10,000
per unit

Paid With TuCielo Association Financing

$103/mo
per unit

*Example provided for illustrative purposes only; Assumes a 25-year amortization period, 9.99% fixed interest rate, financed origination fee, financed 10-month debt service deposit requirement of $95,339.60, and equal payments by unit owners (100 units). Total amount financed is $1,145,339.60.

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)

Rates as low as 9.99%¹

Origination fee of 5.00%, which may be financed with the loan

Debt service deposit 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

Want to Learn More?

Contact TuCielo

Discover More!

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.