Funding Solutions... We have them
SNAP CAP Funding
Sometimes an Association needs more than a specialist to collect their money…they need money now. With SNAP CAP Funding, we will advance your Association the full statutory cap (may vary by state) at zero interest and no origination fees, until the unit has settled out and removed from collections.
We'll Handle It.
- Why wait for the bank to foreclose when you can have the statutory cap immediately?
- Zero interest and no origination fees.
- Your Association may have engaged attorneys to work on collection files, and they may want to be paid in order to release these files. Let SNAP CAP Funding advance you the money.
- Pay for needed maintenance expenses
- Renovate the unit in order to rent it out
SNAP CAP Funding is available for Condos and HOAs that need to improve their cash flow during the collection process. There is no origination fee, zero interest and no cost for this advance. Just put your files into SNAP Collections and receive SNAP CAP Funding right away.
SNAP BANK OWNED Funding
Has a bank or first mortgagee foreclosed and taken title on a unit in your Association and you still have not received a payment from them? They have to pay every month just like any other owner. With SNAP BANK OWNED Funding, any unit that is bank owned and put into collections with SNAP Collections can have its assessments paid every month, until the bank pays or a new owner purchases the unit.
- Why wait for the bank to wake up and pay the Association?
- Payments are made for the entire time the unit remains bank owned and unpaid. Unlimited funding is available for all bank owned units (past due and future).
- SNAP Collections will manage the delinquency and collections with the bank, at no cost and no risk to the Association.
Availability and terms of programs may vary by state. Ask for details.
Your lending programs will be a huge help to my association clients. They will be very grateful to me for solving their problem, and I get to keep the account with the bank.VP, South Florida Bank
They’re really filling a void, big-time. It gives the association a hell of a lot of breathing room.President, Homeowners Association
They were a godsend for us…we have been a client since February 2007, shortly after our new condo board was chosen.Treasurer, Condo Association
You’re company is very responsive and easy to work with.Attorney, Condo Association
Excellent...thanks for sending the cost deposits to our attorneys so that they can move forward with the foreclosuresTreasurer, Condo Association
Who's better than you? Such service!Attorney
Excellent...thanks for sending the cost deposits to our attorneys so that they can move forward with the foreclosuresTreasurer, Condo Association
You’re company is very responsive and easy to work with.Attorney, Condo Association
Primero que nada muchas gracias por la buena comunicación que hemos tenido y la colaboración que siempre nos han prestado para dar servicio a los propietariosProperty Manager, Condominium
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