Helping condo boards, strata councils, and property managers access corporation-level financing for capital repairs, reserve fund shortfalls, special assessments, construction projects, and mixed-use buildings.
Trusted by condo and strata corporations across Canada.
HOW IT WORKS
Most corporations receive an initial response within one business day. The full timeline depends on the project, documents available, and approval process required in your province.
Share your financing need – whether it’s a major capital project, reserve fund shortfall, or special assessment. Our team will respond within one business day with a clear path forward.
We design a financing structure tailored specifically to your corporation’s needs. Loan amounts, repayment terms, and unit owner impact are all considered before you commit to anything.
CLG will assist with presenting the tailored financing to unit owners, passing the required borrowing vote, and implementing the loan facility to fund direct project costs.
Roofs, windows, elevators, parking structures, building envelopes: deferred maintenance on any of these systems increases the eventual cost and adds liability for the board. Construction inflation over the past several years has widened the gap between what was budgeted in reserve fund studies and what these projects now cost in the field. Addressing the repair on schedule is almost always less expensive than waiting.
Our capital repair financing is built for condo corporations managing large-scale building system replacements. Whether the project is a building envelope repair, an HVAC replacement, window replacements, or roof repair financing, we set loan terms that align with the reserve fund study timeline and the board’s long-term financial plan.
A condo special assessment collects the full repair cost from unit owners immediately, sometimes thousands of dollars per unit with 30 to 90 days to pay. When the assessment is unexpected and the payment window is short, the financial strain falls hardest on owners who had no opportunity to prepare. Condominium Lending Group provides financing that replaces the lump sum with fixed monthly payments collected through common expenses.
Condominium Lending Group works directly with condo and strata corporations across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Nova Scotia to structure special assessment financing around each corporation’s specific situation. Instead of issuing a large special assessment, the corporation borrows the funds and repays over a defined term. Owners pay a monthly increase in common expenses rather than a lump sum.
Reserve fund shortfalls are one of the most common financial challenges condo boards and strata councils face across Canada. Reserve fund studies conducted several years ago may no longer reflect current contractor pricing. Buildings constructed before 1990 are now reaching the point where multiple major systems need replacement simultaneously. The result is a gap between what the fund holds and what the upcoming repair schedule actually costs.
Whether the issue is a contingency reserve fund shortfall or a major capital project the current fund cannot cover, Condominium Lending Group structures financing around your corporation’s repayment capacity. We provide reserve fund and strata financing across Ontario, BC, Alberta, Saskatchewan, Manitoba, and Nova Scotia, structured around each province’s legislative requirements. The corporation addresses the shortfall now and repays through monthly contributions without emergency levies or deferred repairs.
Developer deficiencies can place unexpected financial pressure on condominium corporations. When major building components fail earlier than anticipated due to design or construction issues, the cost of repairs falls on the corporation in the near term. Even if recovery from the developer is being pursued through litigation, that process can take years to resolve. This creates an immediate funding gap and forces boards to choose between issuing a special assessment or delaying critical work.
Our financing gives corporations access to capital while the litigation or warranty recovery proceeds. If a recovery is successfully obtained, the proceeds can be used to pay down the remaining loan balance. This avoids the complications that come with special assessments, which cannot be returned directly to unit owners once collected. Condominium Lending Group makes sure the necessary work gets done without placing sudden financial strain on owners while the recovery timeline plays out.
Condo and strata corporations do not fit standard consumer or commercial lending. The borrower is the corporation, decisions run through the board or strata council, and repayment is collected through monthly common expenses or strata fees. Condominium Lending Group structures financing around how these corporations actually operate, not around a standard mortgage or business loan template.
Our condo and strata financing can be used for reserve fund shortfalls, special assessments, special levies, capital repairs, construction projects, mixed-use buildings, and other corporation-level needs. Owners do not apply individually, provide personal guarantees, or register security against their units. The loan is made to the corporation and repaid over a defined term.
Condo and strata corporations sometimes need to acquire new assets; guest suites, mechanical systems, geothermal equipment, or shared facilities, or refinance existing obligations to improve cash flow. Without a financing structure that fits the corporation’s repayment capacity, these costs can pressure operating budgets or drive unexpected increases in condo fees.
Our financing covers both asset purchases and refinancings, allowing corporations to spread costs over time and align payments with their financial position. We structure each arrangement directly with the board and property manager, accounting for the reserve fund study, the operating budget, and the impact on monthly common expenses, so the decision supports the building’s long-term financial plan rather than disrupting it.
Our financing gives corporations access to capital while the litigation or warranty recovery proceeds. If a recovery is successfully obtained, the proceeds can be used to pay down the remaining loan balance. This avoids the complications that come with special assessments, which cannot be returned directly to unit owners once collected. Condominium Lending Group makes sure the necessary work gets done without placing sudden financial strain on owners while the recovery timeline plays out.
WHY CHOOSE US
CLG has a deeper understanding of the way that condo & strata corporations operate. This is what sets us apart from other general commercial lenders, who may have restrictive requirements and covenants that are not suited to the nature of a condo & strata corporation. Decisions flow through boards, approvals require majority votes from owners, and funding timelines rarely match that of a general commercial lender’s standard process.
We work with condo boards and strata corporations across Canada.
We work exclusively with condo and strata corporations. Our evaluation process, documentation requirements, and approval timelines are built around how these corporations are governed, not adapted from a residential or commercial template.
We serve corporations in Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Nova Scotia. Reserve fund contribution rules, borrowing bylaw requirements, and owner approval thresholds differ between provinces. Our team works within the specific legislative framework that applies to your corporation.
Our financing can reduce or replace the need for large special levies or assessments - protecting unit owner equity.
We know what boards need at each stage: what documentation to bring to an owner meeting, how to present the repayment impact per unit, and what the bylaws require before a borrowing resolution can be passed.
LATEST RESOURCES
Practical guides, industry insights, and financial education for the people who manage Canada’s condominium communities.
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Tell us what your corporation is facing, what the project may cost, and what timeline the board is working with. We will review the situation and explain what financing could look like before your board commits to owner communication or a final approval process.
