For over 20-years, Itasca Bank & Trust Co. has been providing loan and deposit products to the community association industry. We service condominium, townhome, cooperative, single family and business condominium associations seeking to complete common element repair projects. We also work to help maximize returns on reserve funds with FDIC insured deposit products.
When we saw the struggle smaller associations were having obtaining common element repair loans, Itasca Bank & Trust Co. made the commitment to work with associations as small as six-units who might be self-managed. And while we can lend funds up to $7 million for a large, professionally managed community association, we are just as happy to assist a self-managed, smaller association in need of $50,000 to make a much-needed repair.
When you think of a real community bank, Itasca Bank & Trust Co. should come to mind. We are locally owned with locally made credit decisions and a commitment to serve the Chicagoland community association industry.
If you are looking to learn more about how your association can obtain a common element repair loan, visit our website at
www.itascabank.com and search “podcasts.” We have information available regarding the many aspects community association boards are facing today and the solutions that can help.
Call Mark Stelter at 630-650-0350 and ask for a loan proposal or to find out how you can earn a competitive rate of return on your reserve funds.
www.cai-illinois.org • 847.301.7505 | 11
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