From first conversation to funded project, here’s what to expect.
Share your project scope, timeline and funding situation. Our team will ask a few questions to understand what you need.
What you’ll need: A description of the work, contractor bids or estimates if available, and a general sense of your funding timeline.
Complete a short application and provide your association’s financial documents for pre-approval review.
What you’ll need:
Our team reviews your application & documents and issues a pre-approval qualification letter.
Our underwriting team conducts a detailed review of your association’s finances, governance, insurance and project details. We may request additional documentation during this stage, typically falling into four areas:
Once our credit committee approves, we prepare your term sheet and loan documents. Your association reviews, negotiates if needed, and signs.
Your loan closes and funds are disbursed to your association per the disbursement agreement. Your contractor gets paid. The work begins.
Banks cap what they’ll put on their balance sheet. When a project exceeds that limit, they stop. TuCielo has no loan ceiling.
We approve a higher share of associations, including those with deferred maintenance and reserve deficiencies. And we target a decision in weeks, not the months a bank approval can take.
Tell us about your project and we’ll set up a call with our financing team.
