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Homeowners association loans from an experienced lender.

When your community association needs to repair or update common elements, Byline Bank is here to help. We have decades of experience providing financing solutions to condominiums, homeowners associations and cooperatives throughout the Chicago area. Get started on your next property improvement with the help of our local expertise and ability to make loan decisions in-house.

Fast approvals and local decision-making.

When it’s time for a property repair or upgrade, we understand time is of the essence. As soon as we receive the requested information from you, we move quickly to issue a loan proposal. If your board has questions, we make ourselves available to meet and walk through what to expect throughout the loan process.

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Financing Details

  • Loan amounts from $100,000-$10 million
  • Non-revolving line of credit (NRLOC) that converts to a term loan
  • Fixed or floating rate for NRLOCs
  • Fixed rate up to 10 years for term loans
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Common Uses

  • Common element repairs, such as roofs, windows, masonry, elevators and more
  • Large capital projects and upgrades
  • Replenishment of reserve funds
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Key Criteria

  • Minimum of 25 units
  • Located in the Chicagoland area

Contact me today to learn more.

Timothy J. Haviland

Timothy J. Haviland

(630) 908-6708Senior Vice PresidentCommercial Lending

About Byline Bank

Byline Bank is a full-service commercial bank with approximately $9.4 billion in assets, serving small businesses, mid-market companies, and consumers.

Operating over 40 branch locations throughout the Chicago and Milwaukee metro areas, Byline’s been a community partner in its neighborhoods for over 100 years.

In addition to being a Top 5 SBA lender in the nation*, Byline offers a competitive range of commercial lending products backed by experts with decades of experience in the industry.

*National ranking: Ranked by the U.S. Small Business Administration by volume FY2023

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