Condo Board Special Assessment Financing
Private lending options for Albertans who need fast & flexible solutions during life’s curveballs
Fast Decisions — Flexible Documentation — Discreet & Compassionate
Why Now Mortgage?
Alberta-based expertise and local private lender network
Fast approvals & closings — often days, not weeks
Customized terms based on your separation agreement
Clear exit strategy to return to traditional financing
Confidential handling of sensitive information
Common Situations We Help With
Financing unexpected special assessments
Quick funding to meet strata/HOA payment deadlines
Bridge or interim financing while exploring long-term options
Covering assessment costs when traditional lenders decline
Solutions for owners with irregular income, self-employed, or credit challenges
Equity-based lending for urgent repairs, building envelope issues, or major upgrades
A Difficult Situation
When Gord’s condo building announced a major special assessment, he was caught off guard. The repairs were necessary, but the lump-sum payment deadline came fast and he simply didn’t have that kind of cash sitting around.
To make matters more stressful, his income situation wasn’t ideal at the moment, and the bank gave him the standard “not approved” response because the assessment didn’t fit their lending box.
Instead, NOW Mortgage helped him secure a short-term equity-based loan using the value in his property. This gave him the funds to cover the special assessment on time and avoid penalties all while protecting his home and peace of mind.
