HOA Loan With High Delinquency in Florida

Yes, an HOA or condo association with high delinquency can still get a loan. Samtov Finance is a Florida private lender that funds associations banks turn away over delinquency rates. Rather than applying a fixed delinquency cutoff, Samtov looks at your association's overall cash flow and active collections efforts to structure a loan that works. Approvals can come in as little as 24 hours.

Can an HOA get a loan with high delinquency?

Yes. Samtov approves loans for associations with high delinquency as long as the community shows sufficient cash flow and active collections. Banks usually deny above a fixed delinquency threshold; Samtov does not.

What delinquency rate is too high for a bank?

Most banks cap out around 10 to 15 percent delinquency and deny anything above it, regardless of the association's actual financial health. Samtov underwrites the full picture instead of one ratio.

How does Samtov underwrite around delinquency?

Samtov evaluates total cash flow, the association's collections activity, the size and urgency of the project, and the repayment plan, rather than rejecting an application on delinquency alone.

Can we use the loan while still collecting past dues?

Yes. Many associations borrow to fund urgent repairs while continuing collections on delinquent accounts in parallel.

What do we need to apply?

Financial statements, current annual budget, delinquency and aging report, and repair estimates. There is no personal guarantee; the loan is secured by the association's assets.

High delinquency should not block essential funding. Visit Samtov Finance or call (754) 900-7252 right now.