HOA Loan ServicesReviews of hoaloanservices.com

I would highly recommend HOA Loan Services and especially Ben Kirschner. He walked us through the entire process and helped us obtain a loan so that a 38 unit mountain HOA could replace its water distribution system. Ben was available when we needed him, answering all of our questions and helping us navigate some difficult financial waters. The loan we obtained was significantly more advantageous than what we had been offered by our local hometown bank. We would not have been able to obtain a loan which would have worked for our HOA without Ben's help and expertise.

We had the pleasure of working with HOA Loan Services on securing a complex $45M+ loan for our condominium community, and we couldn’t be more appreciate of Larry and Ben’s expertise and dedication throughout the process. From the outset, Larry was professional, knowledgeable and highly responsive. He helped us navigate numerous challenges, worked with all parties involved, and consistently represented the community’s best interests. His ability to explain complex financing issues, remain patient during difficult negotiations, and find practical solutions gave our Board confidence every step of the way. Larry was always approachable, and committed to helping us achieve the best possible outcome. His professional and persistence were instrumental in bringing this financing to a successful close. We are sincerely grateful for his guidance and would highly recommend HOA Loan Services to any organization seeking an experienced and trustworthy loan broker for a complex financing transaction.

After facing rejections from several traditional banks, we reached out to HOA Loan Services to explore our financing options. Larry and Ben provided exceptional support throughout the entire process, guiding us from the initial application and document collection through the membership vote and the complexities of closing. They operate on a reasonable, contingency-based structure—meaning they only charge if they successfully secure a loan. This was a significant advantage for us, given the intricate nature of these financial products and the difficulty securing a vote within our HOA. Ultimately, our community secured a loan with highly favorable terms. We highly recommend their services.

My Association has been working with HOA Loan Services for the past year and a half to close a $4.5M loan. Without Larry's guidance, we not would have successfully crossed the finish line, and certainly not with such a favorable interest rate. It was clear from the start that the expertise provided by HOA Loan Services was indispensable during the long process of securing a loan.

Excellent service and patience with all the questions and requests.

Extremely helpful and fair, honest, and responsive. Great advice. What more can you ask from your loan broker.

We worked with Larry Kirschner who was responsive, informative and supportive through the entire process. If you are an HOA that isn't sure really how to begin this process Arch Capital Solutions is the way to go.

After months of contacting local banks, we were unsuccessful in obtaining a loan with terms that would fit our Association’s needs. We have 400+ units ranging from studios to 3 bedrooms; needed $30M; a 2-year draw; and extended payback options. We were not surprised that our initial search for bank financing for $30 million was unsuccessful. It was not that local banks were totally unwilling. It was simply that they did not wish to extend terms for more than $10-15 million and not for more than 10-15 years. They did not appreciate that elevator modernization and domestic riser projects could not be broken up into smaller units without incurring substantial cost increases and major delays that risked catastrophic events. One of our members reached out to his contacts in the financing world to find brokers who were experienced with Associations and thus we connected with Arch Capital. We reached out and were pleased with the Arch Capital response. Larry Kirschner not only understood our situation, he had systems in place that allowed him to run numerous combinations of rates and terms and shared these results with detailed spreadsheets. In addition, he spent hours discussing various risks that we needed to consider including size of banks under consideration and their relevant experience with associations. He is very personable and worked hard to find suitable financing institutions. The results were well worth the consultant fee. If there were 10 *’s for ranking Arch Capital it wouldn’t be enough. Larry is an excellent listener, proactive and most important, understands the unique needs of an HOA. He guided us through every step of the process and provided further assistance on Special Assessment terms after the Bank loan was secured. 2626 N Lakeview Condominium Association Chicago IL