Services for Community Associations
As a Community Bank with in-depth understanding of factors affecting local condominium and homeowners associations, we have the proven expertise to meet your highly specialized financial needs.
CONTACT US FOR MORE INFORMATION
Community Association Lending
LOCAL DECISION-MAKING, FLEXIBILITY, CREATIVITY
We have the lending capacity, responsiveness, flexibility and creativity to meet your Association's financing needs. Typical financing structures for Community Associations include:
- Special Assessment Financing - Funding for projects such as concrete restoration, roof replacement, etc. that are typically completed within a six-month to one-year timeframe - while the assessment is collected over a longer period to make it more affordable to your residents. Loans of this type can be funded at closing or drawn down as needed on a non-revolving basis, then termed out over an 18-month to seven-year period.
- Insurance Premium Financing - We provide competitively priced financing, with loans that are funded up front and amortized in less than one year.
- Liquidity - Small lines of credit to meet short-term liquidity needs.
For more information please feel free to contact one of our officers listed below.
Please print out the applications, fill them out, sign and mail them to:
Miami-Dade County
Amy Rodriguez, Corporate Lending
City National Bank of Florida
25 West Flagler Street
Miami, FL 33130
(305) 577-7395
Broward and Palm Beach Counties:
Mike Rabenstine, Corporate Lending
City National Bank of Florida
350 E. Las Olas Boulevard/Suite 1130
Fort Lauderdale, FL 33301
(954) 767-1299
Cash Management
City National is a leader in providing advanced Cash Management technology for Community Associations.
Lockbox Services with the very latest imaging capabilities.
ACH Services for both debit and credit transactions.
e-partner online banking.
Reconcilement Services with electronic files that interface with your accounting system.
OfficeDeposit(sm) to batch and deposit checks without going to the bank.
All Cash Management Products and Services.
MEMBER FDIC
Investments
Choose from a range of investment options that focus on liquidity while preserving principal and producing competitive returns.
Investment Products:
- NOT FDIC INSURED
- NO BANK GUARANTEE
- MAY LOSE VALUE
