Small HOA and Condo Association Loans From $50,000 in Florida

Yes, your association can borrow a smaller amount even when banks decline loans they consider too small to service. Samtov Finance is a Florida private lender that funds association loans starting at $50,000 with no maximum amount. Because Samtov underwrites on cash flow and project need rather than minimum loan size, small associations are not turned away simply for borrowing a modest amount. Approvals can come in as little as 24 hours.

What is the smallest loan Samtov Finance will fund?

Samtov funds association loans starting at $50,000. There is no requirement to borrow a large amount to be worth financing, which is often the reason banks decline smaller requests.

Why do banks decline small association loans?

Smaller loans generate less revenue for banks relative to the cost of underwriting and servicing them, so many banks set a minimum loan size and decline anything below it, regardless of the association's ability to repay.

Does a smaller loan cost more or take longer?

No. Samtov structures each loan around the association's financials and the project rather than penalizing smaller requests. Approvals for well-documented applications can come in as little as 24 hours.

Can Samtov also handle large loans?

Yes. Samtov funds association loans from $50,000 up to $15 million, so an association can use the same lender for a small repair now and a major project later.

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 loan request should not mean no financing. Contact Samtov Finance at www.samtov.com/loans or call us at (754) 900-7252 to start the process.