TO HELP YOUR ASSOCIATION


LOAN PROGRAMS


Our loan programs are tailored to meet the needs of your association. We work closely with board members and property managers to ensure that an association can effectively fund and complete its projects. TOOLS TO MEET YOUR UNIQUE NEEDS


Line of Credit (LOC) • Short-term financing • Balance due at maturity


• Ability to complete work, pay contractors, and preserve property value


Term Loan


• Budgeted line item; adjust annual budget to incorporate debt


• Increase assessments to cover loan expense


• Special assessment for per owner charge; owner can either pay in full or finance their share over term of loan


Combination Line of Credit Converting to Term Loan • Project amount uncertain • LOC to provide availability of funds • Pay for only what is used


• Term loan will allow for time to repay the amount borrowed


• Commonly repaid through regular assessments, special assessments, or combination


Contact our team and unlock your association’s full potential.


201 S. Hough St. | Barrington 847-304-5940 | communityadvantage.com Wintrust Community Advantage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank.


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