Meet our nationwide team of industry specialists who can help you grow your business and improve your bottom line.
Benefits at a Glance
- Elimination of large, lump sum special assessment payments for homeowners
- Less impact on a homeowner's personal finances
- Less wait time for funds than through traditional assessment process
- Choice of fixed- or variable-rate loan programs
We know that maintaining property value is one of your key concerns. Not only do you have a fiduciary responsibility to repair timeworn structures and common area facilities, your homeowners — and potential buyers — expect a steady flow of upgrades.
Union Bank is here to help when it comes to keeping your property attractive and safe. Securing financing from us can take less time than collecting the funds from homeowner assessments and imposes a far less financial burden on members. Construction projects can be completed in a more-timely fashion, limiting homeowner inconvenience and saving money by avoiding costly delays.
While underwriting requirements vary, financing renovations or new construction projects through a fixed- or variable-rate loan generally requires a manageable increase in monthly assessments to cover debt servicing. We'll work with you to choose a loan package that meets your needs.
Learn more about our loan options by contacting a Union Bank HOA relationship manager.
Financing subject to credit and collateral approval. Fees and restrictions may apply. Terms and conditions subject to change.
Displayed Indicative Loan Rates are for informational purposes only; actual loan rates may vary. The Payment Calculator is provided as a convenience. The loan payments displayed are based on information you have provided. For more information about our pricing and loan options, contact a Union Bank HOA relationship manager.
© 2014 MUFG Union Bank, N.A. All rights reserved. Member FDIC. Equal Housing Lender.
Union Bank is a registered trademark and brand name of MUFG Union Bank, N.A.
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