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Can your HOA qualify for a loan? Learn why your reserve study is key to financing projects and securing better loan terms.

✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

HOA boards often wonder: Can our association qualify for a loan? This Week, Robert Nordlund talks with lending expert Walter Block about how lenders evaluate HOAs. Learn why reserve studies play a huge role in approval, what factors like delinquencies and occupancy mean, and how projects and repayment terms are structured. Water also goes over roof replacements, emergency repairs, and how how to secure financing and keep your community on track!

Get in Contact with Walter: walter.block@bancofca.com

Chapters From Today's Episode:

00:00 Why do HOAs sometimes need loans even with reserves?
00:39 Intro to Walter Block
03:44 What minimum size must an HOA have to qualify for a loan?
05:33 How do delinquencies and owner occupancy affect approval?
07:15 Why does the reserve study matter so much to lenders?
09:07 How are projects and loan amounts structured for HOAs?
12:26 What are typical HOA loan terms and interest rates?
14:34 Can HOAs borrow for projects not in their reserve study?
18:21 AD Break - Community Financials
18:53 How quickly can an HOA qualify and get loan approval?
21:24 What surprises can derail a loan during projects?
23:36 How are loans repaid—dues, special assessments, or both?
24:47 Why should associations use a separate account for loan funds?
27:13 How did disasters like Champlain Towers affect lending?
30:24 Why is owning real estate always expensive for HOAs?
32:40 What’s the final takeaway on HOA loans and reserve studies?

The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

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