LM Funding assists Associations by providing them quick and easy interim capital to offset delinquent assessment balances.  LM Funding also assumes all of the collection duties of delinquent assessments, relieving the Association from collection expenses and burdens.  With LM Funding, an Association immediately collects delinquent assessments and ensures funding for future assessments.

Whether your association is only a few thousand dollars delinquent, or if its over $200,000 delinquent, LM Funding can provide direct capital for Association’s to get back on their budget, and to help stay on budget….here is how our program works:  

• LM Funding advances money directly to Associations for unpaid Association assessments, allowing Associations to pay bills and operate their businesses without getting involved in the hassles of collection or hiring out 3^rd party collection firms and waiting for results.  

• LM funding purchases delinquent assessments for up to 80% of the principal value of delinquent assessments directly from Association in exchange for an assignment of Association’s lien & collection rights.   After LM Funding successfully collects all unpaid Association assessments, LM Funding pays the Association the 20% outstanding principal balance.  

• LM Funding pays for all collection related expenses, including all legal costs.  Association's no longer have to incur legal related expenses to collect upon delinquent owners. 

• LM Funding retains all default interest, late fees, & reimbursable collection expenses associated with the collection of unpaid Association assessments.  LM Funding collects all of this directly from the unit owner.  The Association pays nothing to LM Funding.

• Our funding, assignment, and collection Agreement delivers an Association immediate capital to cover delinquent assessments and also provides an automatic mechanism for an Association to ensure it will receive payment of future assessments.  

• In summary, LM Funding provides an Association with its budgeted cash flow from assessments in exchange for the right to collect interest and fees owed to an Association by its delinquent owners thereby satisfying the Association’s cash needs and eliminating the need for the Association to spend time and money collecting delinquent assessments.