Condominium Lending Group

Navigating funding challenges is no easy task for Canadian condominium corporations. In our recent webinar, Ryan Griffiths shared expert insights on solutions like loan options, managing rising construction costs, and fostering effective communication with condo owners. Key Takeaways: ➡️ Understanding the impact of inflation on construction costs and condo fees. ➡️ Exploring funding strategies like special assessments, loans, and deferred work. ➡️ Building trust through transparent communication and early planning. 📽️ Missed it? Click the link below to watch the full webinar and to learn how condo boards can tackle these challenges effectively. https://lnkd.in/gP8r8NDh #CondominiumCommunity #Condolending #CondoFinance #PropertyManagement

We’re excited to be attending the Annual ACMO and Canadian Condominium Institute - Toronto Chapter Condo Conference next weekend! This is an excellent opportunity for condominium management professionals to come together, share insights, and discover new strategies for success. 📍 Visit us at Booth #116 to learn more about how our strategic financing solutions can support your condo board's unique needs. We’re looking forward to connecting with you! #CondoManagement #CondoFinancing #CommunityGrowth

In today's economic climate, many condominium corporations are grappling with the impacts of rising inflation on their reserve funds. Our latest article dives into this pressing issue, highlighting the challenges boards face, the options available to them, and the importance of proactive financial planning. From understanding the limitations of reserve fund studies to exploring flexible financing solutions, this piece offers valuable insights for condominium boards aiming to maintain their financial health. 👉 Read the full article here: https://lnkd.in/gsPkwRrY #CondominiumManagement #ReserveFunds #FinancialPlanning #Inflation #CondoFinance #CommunityStability

Great day at the CCI-Grand River Chapter's Annual Condo Conference. Our team had the opportunity to connect with industry professionals and share insights on financing solutions that help condominium boards tackle reserve fund challenges. We're happy to support the CCI community and take part in discussions that impact the future of condominium management.

Are you in the Alberta area? Is your condominium board facing tough financial decisions? Join us for an exclusive luncheon on October 31, 2024, where Ryan Griffiths, will dive into the key considerations between Borrowing vs Special Assessments. Learn practical strategies to strengthen your reserve funds and explore how borrowing could be the solution your community needs. Whether you’re a board member or a property manager, this is a must-attend CCI South Alberta Chapter luncheon. Reserve your spot now and gain insights that will empower your next financial decision! REGISTER HERE: https://lnkd.in/g7F3Eq6e

Facing Special Assessments? There’s a Better Way. Condo owners in North York are facing a $70,000 special assessment for parking garage repairs, highlighting a growing issue for many condominium communities. At Condominium Lending Group, we understand the stress and financial strain unexpected costs can bring. Rather than relying on special assessments or large lump-sum payments, we work closely with condo boards to provide tailored financing solutions, helping to spread costs and maintain the financial health of your community. Whether it’s parking garages, windows, elevators, or other critical infrastructure, we’re here to support condo and strata boards facing reserve fund shortfalls. Read more about the North York situation and explore how we can help your community avoid similar challenges. https://lnkd.in/g2jKZUaf #CondoLiving #CondoFinancing #SpecialAssessments #ReserveFunds #BuildingRepairs

CLG experts Ryan Griffiths and Lyndsey McNally recently contributed their expertise to the Condominium Authority of Ontario’s (CAO) latest Reserve Fund Survey Report. This detailed report provides crucial insights into the state of condo reserve funds across Ontario, reflecting trends in inflation, contributions, and owner awareness. Condo reserve funds are essential for covering major repairs and replacements of common elements and assets, ensuring the long-term health and sustainability of condo communities. The CAO’s report explores how these funds are being managed and highlights key areas for improvement and future planning. Explore the full report by clicking here: https://lnkd.in/g-PkVdiT #condofinance #reservefunds #condomanagement #condosustainability

📢 New Article Alert: Why Would a Condo Corporation Choose to Borrow? Is your condo board facing reserve fund shortfalls or major repair costs? You’re not alone! Many condominium corporations find themselves in a position where traditional funding from unit owners just isn’t feasible. In our latest article, we explore: ✅ Why borrowing might be a better option than special assessments ✅ How loans can provide fair cost-sharing among owners ✅ The benefits of commercial loans for condo corporations facing financial challenges Don’t miss out on understanding how strategic financing can help keep your community strong and avoid financial hardship. https://lnkd.in/g-zNju7Z #CondoFinance #CondoBoards #CommercialLoans #ReserveFunds #PropertyManagement #CondoManagement #FinanceSolutions

Facing Unexpected Special Assessments? We Can Help. When Bonnie Jones bought her first condo, she never imagined she’d face a $40,000 special assessment to replace windows. Sadly, stories like hers are becoming more common as aging buildings require significant repairs that exceed reserve funds. At Condo Lending Group, we specialize in providing strategic financing solutions for condo and strata boards facing reserve fund shortfalls. Our team of industry professionals conducts a thorough analysis to craft customized resolutions that stabilize fees, avoid costly special assessments, and enhance cash flow. This not only helps condo boards but also ensures the well-being of unit owners like Bonnie. By spreading repair costs over time, we help maintain a robust reserve fund, so owners aren't forced into tough financial situations. Read the full article here: https://lnkd.in/en4jmhw5

We are proud to see our very own Lyndsey McNally, for being featured by The Condo Conference! Her leadership and expertise are truly inspiring. Join us at The Condo Conference 2024 this fall to hear from Lyndsey and other industry leaders. #CondoConference2024 #Leadership #Inspiration