Better Financing with Truist
(Visual Description: Better financing with Truist Association Services
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(Visual Description: Whatever your association’s needs are, we can help you finance your goals. )
Your association’s needs can change at a moment’s notice. At Truist, we understand the complexities involved in managing an association. That’s why we offer a range of financing options to suit whatever your goals may be.
We offer:
● Term loans for repairs, renovations, or major projects
● Lines of credit for emergencies
and
● Insurance premium financing
We work with you to structure your loan to be as convenient as possible. Your specific loan terms may vary but might include:
● Fixed or variable interest rates
● Interest-only payment periods to provide flexibility to complete projects or to allow time to begin special assessment collections and budget increases
● Assessments and lien rights of the community association as collateral
or
● A revolving line of credit to provide financial flexibility for emergency short-term needs.
The loan term is typically matched to the term of the loan repayment, whether it is a special assessment or an increase in the budget.
If you’re financing a construction or large repair project, you may be able to make interest-only payments until the project is complete, before starting regular monthly principal and interest payments.
Let’s work together to move your association in the right direction.
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Contact a Truist Association Services relationship manager to see how we can partner with you.
Call us at 888-722-6669 or find us online at Truist.com/AssociationServices.
Disclosure:
Truist Bank, Member FDIC and an (EHL Logo) Equal Housing Lender. All loans subject to credit approval. ©2021 Truist Financial Corporation. All rights reserved.