SOLUTIONS

Specialized financing solutions for condo corporations and strata councils across Canada

Condominium Lending Group provides financing built specifically for how condo corporations operate: reserve fund shortfalls, special assessments, capital repairs, and major construction projects. The loan is made to the corporation. No personal guarantees. Owners are not asked to provide financial information or security against their units.

$500M+

Financing Arranged

100+

Condo Corporations Served

13

Provinces & Territories Served

24 Hour

Initial Response Time

WHY CONDOMINIUM LENDING GROUP

Most lenders don't understand how condo corporations work

Standard banks evaluate borrowers on income, credit history, and collateral. Condo corporations don’t fit that model. They collect monthly fees from unit owners. Their decisions involve board votes and in some cases owner meetings. Their security structure is different. Their approval timelines don’t match standard loan processes.

Condominium Lending Group was built specifically for this. The documents we request, the way we evaluate applications, and how we structure repayment are all designed around condo corporation governance, not adapted from a residential or commercial lending template.

We serve registered condo corporations and strata councils across Ontario, British Columbia, and Alberta. The loan is made to the corporation, not to individual owners. No security is registered against individual unit titles. Owners do not provide personal financial information or guarantees.

OUR SOLUTIONS

Financing solutions for every capital challenge condo boards face

Every financing situation is different. We evaluate your corporation’s specific repayment capacity, governance structure, and project timeline before recommending a financing approach.

Special assessment financing

Replace a large special levy with monthly payments distributed across all unit owners. The loan is made to the corporation. Owners pay a modest monthly increase in common expenses instead of a lump sum.

Reserve fund financing

Address a reserve fund shortfall now and repay over time through monthly contributions. The financing allows the corporation to stay on its capital repair schedule without emergency levies or deferred work.

Capital repair financing

Finance major building repairs — roofs, building envelopes, elevators, parking structures, HVAC systems — without depleting the reserve fund or issuing a special assessment.

Construction loans

For large-scale construction projects, financing advances in draws as work is completed. Interest is charged only on amounts drawn during construction, then converts to a fixed term on completion.

Commercial real estate financing

Mixed-use condo corporations with commercial components have financing needs that don’t fit standard commercial lending. We structure financing around how your corporation is actually governed.

Business & vendor financing

As a Care Lending Group company, we have access to broader lending resources for businesses and vendors operating in the condominium industry across Canada.

THE PROCESS

How condo corporation financing works

Most corporations receive an initial response within one business day. From there, the process runs in four steps with no unnecessary back-and-forth.

01

Contact Us

Reach out with a brief description of your building, the financing need, and your timeline. You do not need final pricing or a confirmed project scope to start the conversation.

02

We Assess Your Situation

We review your reserve fund study, financial statements, and project details. Most corporations receive an initial response and preliminary financing overview within one business day.

03

Your Board Presents The Option

Once approved, funds are deployed directly to your corporation. Your building gets the work done with no special levies and no financial disruption to owners.

04

Condo Gets Funds Advanced

Once the bylaw is approved, funds are advanced directly to the corporation. Repayment begins through monthly common expense contributions.

WHO WE WORK WITH

Condo Corporations And Strata Councils Across Canada

The different types of corporations that Condo Lending works with across Canada.

Residential Condo Corporations

Registered condo corporations in Ontario, BC, and Alberta facing reserve fund shortfalls, unexpected repairs, or capital projects where the cost exceeds available reserve funds.

Strata Corporations

BC strata corporations dealing with a strata special levy or contingency reserve fund shortfall. Financing works the same way under the Strata Property Act as it does under the Condominium Act.

Mixed-Use And Commercial Condos

We understand that our financing decisions affect real people — unit owners, board members, and the communities they live in. We take that responsibility seriously in everything we do.

OUR SOLUTIONS

Specialists who understand condominium financing

Every member of our team has worked directly in condominium governance, management, or lending. When you contact us, you are speaking with someone who already knows the territory.

Ryan Griffths

Managing Director

Lindsay McNally

OLCM, LCCI, CCI (Hon’s), FCCI

Director

Luka Milidragovic

Director

Kelly McFadyen

Director

Jankhana (Jane) Patel

Senior Documentation and Customer Relationship Specialist

Ryan Swain

Associate

Lillian Jackson

Senior Documentation and Customer Relationship Specialist

COMMON QUESTIONS

Condo corporation financing — questions boards ask

FAQ

What types of condo corporations qualify for financing?

Condominium Lending Group works with registered condominium corporations and strata councils across Canada, including residential condominiums, mixed-use condominiums with commercial components, townhouse corporations, bare land strata, and phased strata corporations. If your corporation is registered under provincial condominium or strata legislation in Ontario, British Columbia, or Alberta, contact our team to discuss eligibility.

Does the loan affect individual unit owners' credit?

No. The loan is made to the condominium corporation as a legal entity. It does not appear on any unit owner’s personal credit report and has no effect on their credit score or borrowing capacity. Owners are not asked to provide personal financial information. Their obligation is limited to their proportionate share of the monthly common expense increase used to repay the loan.

How long does the financing process take?

Most corporations receive an initial response within one business day. For reserve fund or special assessment financing, the full process from initial inquiry to funding typically takes 2 to 4 weeks. Larger capital repair or construction projects may take 4 to 8 weeks. Having your reserve fund study, current financial statements, and project details ready at the outset shortens the timeline.

What documents does a condo corporation need to apply?

Typical documentation includes your most recent reserve fund study, current and prior year financial statements, current operating budget, monthly fee collection history, the corporation’s declaration and bylaws, and details of the proposed project or intended use of funds. Our team provides a specific document checklist when you reach out.

What provinces does Condominium Lending Group serve?

Condominium Lending Group currently serves condo corporations and strata councils in Ontario, British Columbia, Alberta & eastern provinces. Condominium legislation differs between these provinces — reserve fund contribution rules, borrowing bylaw requirements, and owner approval thresholds are not the same in Ontario as they are in BC or Alberta. Our team works within the specific legislative framework that governs your corporation.

GET STARTED

Talk to a condo financing specialist about your building

There is no cost to the initial conversation. Tell us about your corporation and we will walk you through every financing option available for your specific situation.