Everything your association needs to know about TuCielo financing.
TuCielo Association Financing is a specialized HOA loan program to fund major capital improvements for condominium owner associations, homeowner associations and co-op associations in Florida. TuCielo provides a loan to the association to fund the improvements. In exchange, the association can offer unit owners a manageable special assessment spread over time, which enables the association to repay the loan.
Florida condominium associations, HOAs and co-ops that need to fund major repairs or capital improvements, particularly those with limited reserves, deferred maintenance or project sizes that exceed what a bank will put on its balance sheet. We also work with commercial condo and business park associations.
Common area repairs and improvements including roofing and waterproofing, concrete restoration, structural repairs, plumbing systems, elevator modernization, HVAC, impact windows and doors, seawall and marine structures and parking lot improvements. Financing is also available for required reserves.
Rates are subject to underwriting review, credit qualification, market conditions and project details. Contact TuCielo for a formal quote.
We are currently focused on Florida, with expansion to additional states planned for the future.
TuCielo Association Financing amortizes loans over the life of the improvement, with terms ranging from 5 to 25 years. A closing fee and debt service account are required and may be financed with the loan.
TuCielo Association Financing is backed by 15 years of Florida property financing experience, over $2B financed across Florida and 90,000+ projects completed statewide through our parent platform, Ygrene.
Banks cap what they will put on their balance sheet. When a project exceeds that limit, they stop. TuCielo has no loan ceiling. We also approve a higher share of associations than banks, including those with deferred maintenance or reserve deficiencies. And we target a decision in weeks, compared to the months it can take with a bank.
Yes. We work with associations that have limited or no reserves. Banks often decline these associations. We look at the overall picture, including the association’s financial health and the project scope.
Yes. Unlike traditional banks, TuCielo can refinance your current balance and fold in the additional scope, consolidating everything into one loan and one payment.
A 90-unit South Florida COA needed $5M to fund impact doors, elevator modernization, structural repairs and exterior work. The association had an existing $2.5M loan with a traditional bank. The bank declined to increase the loan. In early 2026, TuCielo refinanced the original loan and funded the full scope of work on a 25-year term. Following the improvements, the association lowered its insurance premiums and expects to see an increase in property value.
Our target is a decision in weeks. The timeline depends on how quickly your association provides complete documentation. See our full process breakdown for details.
See our full process breakdown → tucielo.com/association-financing/how-it-works
Financials: recent financials, delinquency reports, budget, bank statements, and reserve/engineering studies
Governance: declarations, bylaws, articles of incorporation, and unit owner roster
Operations: Management agreement, board info, meeting minutes, collections policy, existing debt
Insurance: Proof of property, liability, D&O, crime/fidelity, and flood/wind coverage
Project Info: Project budget, signed contracts/bids, and disbursement schedule
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.
