Why LM Funding?
Florida's building boom, combined with the current mortgage crisis and a statewide economic downturn has resulted in a tremendous oversupply of condominium units. Many condominium Associations are now faced with a variety of issues maintaining the integrity of their communities while owner assessments are left unpaid. 

LM Funding, LLC was created to provide direct capital to Florida condominium Associations, eliminating the burden of Associations to pursue delinquent assessments from its unit owners.  LM Funding will provide capital to condo Associations to offset their delinquent assessment balances, and to also ensure against assessments not being collected in the future. 

Whether your Association has a delinquency balance of $25,000, $200,000, or if its only concerned about ensuring against future collections issues…your Association should consider the benefits of LM Funding.
 
LM Funding is a direct funding and capital source for condominium Associations, it is not a collection company and its not a lender.  LM Funding is truly unique in that buys delinquent assessments from Associations as they occur, Association's recieve their money and LM Funding removes them from collection burdens. 

What does LM Funding's capital cost a condo Association?  Essentially zero, as LM Funding makes its money collecting from delinquent condo owners, not the Association.  Association's get their assessment fundings faster, and are relieved of collection burdens all through a simple no-cost agreement. 

LM Funding is a very new and exciting concept to the Florida condominium world!