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Condo Management Magazine
Aaron Gordon, corporate general counsel for LM Funding, authored this article prior to the recently completed legislative session in Tallahassee. This article and others brought awareness to potential legislation that could have financially hurt community associations in Florida. These efforts resulted in legislation being defeated.
January 2014

Fort Myers New-Press
LM Funding’s advocacy for community associations recently paid huge dividends. LM Funding, in a law suit, took on Bank of America and won a case that will provide financial relief for associations throughout Florida. In this article, LM Funding legal counsel Aaron Gordon comments on this important case.
July 2014

South Florida Sun-Sentinel
As an advocate for community associations, LM Funding recently spearheaded a successful law suit against Bank of America which will result in associations getting financial relief. In this article, LM Funding’s Aaron Gordon explains the situation.
May 2014

Naples Daily News
LM Funding was recently instrumental in leading efforts in a law suit against Bank of America which will result in community associations being able to collect larger portions of delinquent assessments from financial institutions. Aaron Gordon, Corporate General Counsel for LM Funding comments on the suit in this Guest Column.
April 2014

Sarasota Herald-Tribune
Condo owners statewide could face increasing fees due to efforts by the Florida Bar. The Sarasota Herald-Tribune recently interviewed LM Funding’s Corporate General Counsel Aaron Gordon on this issue and why associations should pay attention.
February 2014

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How It Works

It works like this: we’re going to make sure you’re not left holding the bag for something that shouldn’t be your responsibility. “We buy problems” means we purchase the right to collect delinquent dues on your behalf, making sure the Association never has to pay another legal bill again. Then we fund an amount equal to your worst-case collection amount immediately so you can operate your business. You can breath a sigh of relief right now if you want.

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Proof It Works

“We are very impressed by your firms’ expedience and follow up in providing the necessary funding which has taken a lot of financial pressure off of our Condo Associations.”
Dana Bessette, San Marino at Miromar Lakes Condominium Association, Inc.

“You have done a great job recovering full assessments on accounts in bank foreclosure… you have also been successful in obtaining accelerated assessments.”
Brenda Law, Greenacre Properties, Inc.

“Our association no longer has any legal costs in relation to collection of our assessments, and we don’t have to spend money on legal fees related to condos in foreclosure… LM Funding handles all the work for us and they pay for it even the comprehensive monthly reports.”
Ken Stoltenberg, Developer, Grand Central at Kennedy Condominium Association, Inc.

“LM Funding expects us to do everything possible to collect their money and all balances owed to the association…. and they have the money to make it happen.”
Bruce Rodgers, Owner, Business Law Group, P.A.

“LM Funding has become a partner to our association. The dedicated staff at LM Funding have helped us every step of the way in understanding the services and benefits of having LM in your corner.”
Jason Messer, Board Member, Westshore Yacht Club Townhomes II

“We could not have made a better decision. They shored up our cash flow issues by infusing an advance of the statutory amount due to us in foreclosure, thereby saving our Owners from a Special Assessment… They have been fair with the individuals who are delinquent or in foreclosure while representing the interests of the Associations.”
Carol L Schwab, Tropical Isles, Inc.

“Their aggressive collection tactics have brought this Association to a positive cash flow position and avoided a very large and damaging Special Assessment to the unit owners. I also enjoy being able to call an attorney and not worry about being charged.”
Diane Lee, Owner, DLG Management Services, Inc.

“LM Funding has been handling our collection on three of our properties for two years. Without LM Funding our properties would be in financial distress.”
James Wood, Property Manager, Presidio Realty, Inc.

“In these difficult economic times, LM Funding has helped us make a life changing impact for the Associations we serve. They have far exceeded the expectations of our clients and managers. LM Funding has made a difference and I highly recommend their services.”
Ryan Serra, Licensed Community Association Manager, The Continental Group

“A quick turnaround in initial funding on broken condo deals has saved our associations from filing bankruptcy.”
Diane Lee, Owner, DLG Management

“Nobody has better reporting to Boards of Directors of delinquent case status than LM Funding.”
Craig Caldwell, President, Condominium Associates, Inc.

“Two years ago, over 40% of the units in our condominium went into foreclosure and our condo fees stopped coming in. Our Association did not have cash to pay our bills, or keep the property up. We did not even have enough money to pay our annual insurance premium. Thank goodness for LM Funding, they gave our Association cash to pay bills and keep our insurance current.”
Don Jennewein, Board Member, San Isles Condominium Association

“Two years ago, over 40% of the units in our condominium went into foreclosure and our condo fees stopped coming in. Our Association did not have cash to pay our bills, or keep the property up. We did not even have enough money to pay our annual insurance premium. Thank goodness for LM Funding, they gave our Association cash to pay bills and keep our insurance current.”
Don Jennewein, Board Member, San Isles Condominium Association

“With limited options, we turned to LM Funding to provide financial assistance in funding our HOA and legal assistance taking over the debt collection process. Since working with LM Funding our association has been able to keep our legal expenses to a minimum and have seen our delinquencies shrink to only a few remaining properties.”
Jason Messer, Board Member, Westshore Yacht Club Townhomes II

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