Condominium Corporations
Most provincial Condominium Acts require that every Condominium or Strata develop
and maintain a sound financial plan aligned with the future expected costs of major
maintenance, repairs and replacement of the common element assets of the corporation.
Condominium Corporations and their Boards must develop this plan and owners demand
it.
Maxium's Condo Finance Group offers innovative financing solutions that provide
condominium corporations with the following benefits:
- Affordability of required repairs
- Accelerated repair work
- Costs allocated to owners over useful life
- Future energy-based cost saving to offset ongoing costs
Maxium provides financing ranging from $100,000 to $10 million to Condominium Corporations
for the following:
- Building maintenance and repairs
- Heating, cooling, windows, solar and geothermal energy-based retrofits
- Building upgrades
- Progress payment facilities to finance the improvements throughout the project phase,
providing invaluable payments services for both the property manager and the Board
Maxium believes in a face-to-face, onsite, consultative approach to financing. We
work with the Board, property manager, owners, engineering consultants and contractors
as necessary, attending Board and owner meetings to ensure questions are answered
and each condo’s unique set of circumstances is considered ─ prior to creating the
financing solution.
Our recommended, customized solutions will include progress payments throughout
the construction phase, followed by competitive, long-term, fixed-rate term financing.
We look forward to discussing the financial challenges faced by your condominium.
Maxium's Condo Finance Group will work with you to create an enterprising, expertly-customized
financing solution.