Community Association Products

Whether your condominium, townhouse or homeowners association is facing the need for necessary common area repairs or seeking to invest its reserve funds, COMMUNITY ADVANTAGE® has the resources and experience to assist you. Our professionals specialize in providing sound financial advice to management companies and association boards. With the personal touch you would expect from a community bank and the backing of our multi-billion dollar parent company, Wintrust Financial, COMMUNITY ADVANTAGE® is uniquely poised to handle your association’s financial needs.

Customized Association Improvement Loans to Meet Your Needs

While roof repairs and pool renovations are necessary for maintaining or enhancing market value, the significant cost of these upgrades can quickly deplete an association’s reserve account. Rather than levying unpopular assessments to cover these expenditures, association boards now have the option of a comprehensive loan program from COMMUNITY ADVANTAGE®. Our loan programs are tailored to meet the needs of associations faced with large capital expenditures. We work closely with board members and property managers to custom design a loan that best reflects the association’s financial concerns. With a responsive turnaround on loan requests, payment plans spread over an extended period of time, and sound professional advice from our team of industry experts, COMMUNITY ADVANTAGE® ensures that an association can effectively undertake improvement projects without jeopardizing its own reserve assets.

Sound Investment Advice

With a full appreciation of the obligations and responsibilities to an association’s reserve funds, our professionals can explore the potential for additional earnings on association’s accounts. Structuring programs that emphasize growth and value, our investment service professionals work closely with board members to maximize earning potential while minimizing the risk to an association’s capital.

Other Specialized Financial Services

A wide assortment of financial services and products are also available to resident members of condominium, townhouse and homeowners associations. From home equity and mortgage loans to trust and investment services, we are available to handle every detail of your personal or association financial needs.

For more information, call our Trusted Industry Experts at (847) 304-5940 or email service@communityadvantage.com.