Florida associations face financing challenges banks aren’t built to solve. Here’s how TuCielo is different.
Banks cap loan size to fit their balance sheet. Bigger repair projects often exceed that cap.
No ceiling. We fund what the project requires, from $500K to $15M+.
Banks decline associations with deferred maintenance or reserve shortfalls, typically the ones that need financing most.
We approve a higher share of associations by looking at the full financial picture, not just a few ratios.
Shorter terms mean higher monthly payments per unit, often more than owners can absorb.
Terms up to 25 years keep per-unit monthly costs manageable.
Banks rarely increase an existing loan. New scope means a new application and a new lender.
We can refinance the existing balance and add new financing in one transaction.
Banks don't lend for reserves, leaving associations without a path to SB4 compliance.
We finance required reserves, including SIRS-mandated funding, alongside capital improvements.
Most Florida associations that approach a bank get declined, offered less than they need or quoted terms that make per-unit payments unmanageable. TuCielo was built specifically for what banks won’t do.
Here’s what association financing looks like in practice.
Here’s what association financing looks like in practice.
$10,000 per unit, due upfront
$92 per unit, per month
Spread over 25 years
Illustrative example only. Assumes 25-year term, 8.99% fixed rate, 100 units, financed origination fee and debt service account. Actual amounts vary.
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 usTell us about your project and we’ll set up a call with our financing team.