For a limited time, you can get a Jumbo Loan at an affordable 15- or 30-year conforming loan rate.
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Central Pacific Bank understands the financing needs of an Association and the important role board members and property managers have in managing their properties.
Central Pacific Bank's Association Loans provide financing for:
An Association Loan could be the best alternative to pay for needs affecting the common areas of a property. First off, the Association avoids the unpleasant specter of levying unit owners up front with special assessments. By borrowing funds, the Association can incorporate the loan payments into its annual budget via its maintenance fees. And, by extending cost over a period of time, unit owners will have peace of mind knowing that they will not have to draw upon their own personal savings, or obtain their own personal loans.
An Association Loan will help an Association by:
By making necessary repairs and renovations to the property, the Association will enjoy: