SOLUTIONS
Condominium Lending Group provides condo corporation and strata financing for major repairs, reserve fund shortfalls, special assessments, special levies, and building projects. The loan is made to the corporation, not to individual unit owners. Owners do not provide personal guarantees, personal financial information, or security against their units.
For illustration, a 100-unit building facing a $400,000 funding gap may be looking at a $4,000 per unit assessment if the full amount is collected upfront. With financing at the corporation level, that same cost can often be spread over a defined term and repaid monthly through common expenses or strata fees. The exact monthly amount depends on the loan size, rate, term, and approval structure.
Financing Arranged
Condo Corporations Served
Provinces & Territories Served
Initial Response Time
WHY BOARDS COME TO US
Most banks are built around individual borrowers, commercial properties, or operating businesses. Condo and strata corporations do not fit neatly into any of those boxes.
A corporation collects monthly fees from owners. A board or strata council has to make decisions on behalf of the building. Some projects need an owner vote. Security is usually taken from the corporation, not from individual unit titles. That is where standard lenders often get stuck.
Condominium Lending Group works in this space every day. We review the corporation’s financial position, reserve fund study, depreciation report, project need, approval process, and repayment capacity. Then we structure the loan around how the building is actually governed.
The loan is made to the corporation. Owners are not asked for personal guarantees, personal credit checks, or security against their units.
In British Columbia, the reserve fund study equivalent is called a depreciation report. Both serve the same purpose: identifying upcoming capital needs and estimating what it will cost to address them.
The goal is simple: give the council a financing option it can explain clearly before owners are asked to vote or approve a major funding decision.
STRATA FINANCING
BC strata corporations deal with the same basic problem as condo corporations in other provinces: the work needs to get done, but the contingency reserve fund may not have enough money available when the cost comes due.
That can happen with roof work, building envelope repairs, elevator modernization, parkade repairs, plumbing, mechanical systems, or other common property projects. If the strata corporation does not want to issue a large special levy, financing can spread the cost over time through monthly strata fees.
Condominium Lending Group structures strata financing around the way strata councils operate under the Strata Property Act. Under that structure, the strata corporation borrows. Individual owners do not take out separate loans or provide personal guarantees.
In Ontario, condo corporations borrow under the Condominium Act, 1998. The terminology is different, but the practical issue is similar: the corporation needs a way to fund major work without collecting the full amount from owners upfront.
FINANCING OPTIONS
Most buildings come to us because the reserve fund cannot cover the full cost, the work cannot wait, or the board wants an alternative to a large assessment or levy. The right structure depends on the project, the corporation’s finances, and what owners will need to approve.
A large assessment can put owners under immediate pressure. Financing lets the corporation borrow the funds, complete the work, and repay over time through monthly common expenses or strata fees.
When the reserve fund or contingency reserve fund is short, financing can close the gap without waiting years for contributions to catch up. The corporation addresses the repair now and repays over a set term.
Roofs, elevators, parkades, windows, HVAC systems, and building envelopes are expensive to replace. Financing can cover the full project cost without draining the reserve fund all at once.
Larger projects may need staged funding. Construction financing advances in draws as work is completed, so the corporation is not borrowing the full amount before the project needs it.
Mixed-use condo corporations do not fit standard commercial lending. We look at the corporation’s governance, contribution structure, and repayment capacity instead of treating the building like a typical income property.
Some businesses serving the condominium industry need financing of their own. Through Care Lending Group, we can connect contractors, vendors, and property service businesses with options outside condo corporation lending.
HOW IT WORKS
Most corporations receive an initial response within one business day. The full process depends on the project, the documents available, and whether an owner vote is required.
Send us a short summary of the building, the project, the funding gap, and the timeline. You do not need final contractor pricing to start the conversation.
We review the reserve fund study or depreciation report, recent financial statements, budget, project details, and any timing issues. From there, we give the board a preliminary view of what financing may look like.
Once the financing structure is confirmed, the board can present the repayment terms, estimated owner impact, and approval requirements to owners. We provide clear financing summaries so the board is not trying to explain the numbers from scratch.
After the required approvals are complete, funds are advanced directly to the corporation. Repayment begins through monthly common expense contributions or strata fees.
WHO WE WORK WITH
We work with registered corporations where the financing need belongs to the building, not to individual owners.
Registered condo corporations facing reserve fund shortfalls, unexpected repairs, large capital projects, or special assessments where the cost exceeds the funds currently available.
BC strata corporations dealing with contingency reserve fund shortfalls, special levies, common property repairs, or building systems that need work before the fund has caught up.
Mixed-use corporations with residential, retail, office, parking, or commercial components. These files can be more complicated, but the basic question is the same: can the corporation support the repayment and approve the financing properly?
Condo corporation lending is not a standard commercial file. Our team has worked in condominium lending, governance, reserve fund planning, property management, and documentation. You are not starting from zero when you call us.
Condominium Lending Group works with condo corporations and strata councils across Canada. Our deepest experience is in Ontario, British Columbia, and Alberta, where most of our condo and strata files are based. If your building is in another province or territory, contact the team and we will confirm what financing options are available for your corporation.
Loan terms commonly range from 3 to 15 years, depending on the project, the corporation’s financial position, and the expected life of the work being financed. A roof, elevator, parkade, or building envelope project may justify a longer repayment period than a smaller repair.
Most corporation-level financing starts around $100,000. There is no fixed maximum. The available amount depends on the corporation’s financial statements, repayment capacity, project scope, and approval process. The best way to know what is realistic is to send the project details and let the team review the file.
GET STARTED
Tell us what your building 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 anything.
