Major repairs don’t have to mean a large lump-sum demand on unit owners.
SIRS requirements and insurance carrier demands are creating funding needs that can’t wait. The longer repairs are deferred, the higher the cost and the greater the risk to the association.
A lump-sum special assessment puts the full cost on unit owners at once, often thousands of dollars due within months. Owners feel the financial strain which triggers complaints to the board. On top of that, board members face personal liability exposure due to deferred maintenance.
TuCielo finances the repairs your association needs and spreads the cost over time, giving unit owners a manageable monthly payment instead of a lump-sum demand. We approve associations that banks decline, with terms up to 25 years that keep per-unit costs affordable. Your board gets the project funded while your owners get a payment they can manage.
Share the scope, the timeline and your funding situation.
Our streamlined process means faster decisions, typically in weeks.
Your board presents unit owners with a manageable monthly payment.
We handle the financing so contractors get paid and work can begin.
Run the numbers on your association’s project before your next owner meeting.
Estimate monthly payments for your association and each unit owner based on your credit profile.
Total cost of the repair or improvement project
Minimum 15 units required
Select your association's credit profile to see the estimated rate.
Estimated monthly payments
Per unit owner
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per month
Association total
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per month
How we got there*
*Estimates only. Rate and monthly assessment payments shown are based on the credit profile selected and are for illustrative purposes only; actual rates and payments are subject to underwriting review and may differ. Closing fees and debt service coverage included in TuCielo financed amount. This is not an official loan commitment, pre-qualification or offer to lend. Contact TuCielo for a formal quote.
Contact usWhen you bring TuCielo to your board, you’re backed by a proven track record.
No. There are no liens placed on individual units as a result of the association loan. The loan belongs to the association, not individual owners.
Instead of a large lump-sum special assessment, unit owners contribute through regular monthly payments spread over the loan term. As an illustrative example: a $2.5M project financed over 25 years at a fixed rate of 8.99%, for a 100-unit association, results in approximately $210 per unit per month. Actual amounts will vary based on project size, number of units, rate and term.
Yes, but TuCielo financing converts a large lump-sum demand on unit owners into manageable monthly payments.
Take one minute to tell us about your association and project.
