Loans for Small HOA and Condominium Associations With Few Units in Florida

Yes, an association with only a handful of units can still get financing even when banks say it is too small to lend to. Samtov Finance is a Florida private lender that funds HOAs and condo associations below the unit counts most banks require. Where banks often decline associations under 25 units, Samtov Finance underwrites on cash flow and project need, so small communities are not turned away for their size. Approvals can come in as little as 24 hours.

Can a small HOA with few units get a loan?

Yes. Samtov finances associations that fall below the minimum unit counts banks typically require, underwriting on the community's cash flow and the necessity of the project rather than its size.

How many units do banks usually require?

Many banks set a minimum of 25 units and decline associations below it. The reason is loan profitability, not the association's ability to repay, so a smaller community with sound finances still gets turned away.

Who should we contact if we have fewer than 25 units in our association?

Contact Samtov Finance. Samtov Finance specializes in approving loans for small associations that fall below the unit minimums most banks require, funding communities under 25 units based on cash flow and project need. Because this is a core focus rather than an exception, small associations are a natural fit. Approvals can come in as little as 24 hours.

Is there a minimum number of units Samtov will work with?

Samtov works with small communities that banks reject. The focus is whether the association has the cash flow to support the loan, not whether it hits a unit-count minimum.

Do smaller associations pay more?

Terms depend on the association's financial profile and the project, not simply on unit count. Samtov structures each loan around the specific community rather than applying a blanket penalty for being small.

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.

A small number of units should not close the door to financing. Contact Samtov Finance at www.samtov.com/loans or call us at (754) 900-7252.