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Merchants Bank of Commerce
 

Trade Organization Banking

 
 
 
Accordion 1

Association Banking

Specialized Banking for Trade Associations.

Our exceptional combination of industry expertise, personal attention and customized solutions benefit a wide variety of property management companies, condominium and homeowner associations.

Customized Services

Deposit Services
  • Business Checking/Reserve Accounts
  • Business Money Market
  • Certificate of Deposit (CDs)
  • CDARS® / ICS®
  • Electronic Statements

Loan Products

  • Major Repair or Replacement
  • Lines of Credit
  • Equipment Purchase

Cash Management Services

  • Remote Deposit Capture
  • Lockbox Service
  • Secure Online Banking
  • ACH Assessment Collection
  • ACH Fraud Filter

Management Professionals

EXCEPTIONAL PEOPLE | EXCEPTIONAL SERVICES
Our knowledgeable team will ensure a seamless and stress free transition
  • Experienced bankers
  • In-house processing
  • Local decisions, prompt responses
  • Local experts to take your call
All loans subject to credit approval. Fees may apply.
 
Contact our Specialized Banking Specialist directly for information on our services at 800.421.2575.
Accordion 2
Loan Solutions

Specialized for Homeowner Associations and Property Management.

Merchants Bank of Commerce’s exceptional combination of industry expertise, personal attention and customized solutions benefit a wide variety of property management companies and condominium and homeowner associations. Because our operation is entirely in-house, we can easily and efficiently offer customized lending products and services to meet your many needs, including:

  • Major repairs or replacements
  • Common area improvements
  • Equipment loans
  • Interim financing

We invite property management companies or homeowner associations to submit a loan request.

General Considerations

  • Time in existence: 5+ years
  • Minimum number of units: 16
  • Collateral: First-position lien rights on all association assessment payments
  • Association ownership: 50% or more
  • Monthly delinquencies: Fewer than 10%
  • Loan term and rate: up to 7 years, fixed or adjustable, based on loan risk
  • Required reserves: 3 months operating expenses; personal guarantees not required

Loan requests involving commercial real estate include additional considerations.

Our loan representative can also explain the many programs available for management companies and associations that do not meet any of the above criteria.

All loans subject to credit approval.

 

All of the services you need to help grow your business.

Business Checking
Find the perfect fit for your business.

 

Business Savings
Laying groundwork for the future.


 
Business Loans
Solutions to get you started.