Frequently Asked Questions

Not all financial solutions are created equally Find out why and how you can really benefit.

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How Do Our Solutions Work

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THE BIG 6

  1. Asphalt & parking structures
  2. Roof
  3. Windows
  4. Doors
  5. Siding
  6. Utility & mechanical

 

These 6 items make up over 50% of the value of the common property of a Corporation. Each Big Six item accounts as the largest capital expenditure a Corporation will ever pay for. If they are not estimated properly and because they do involve bigger numbers they can create bigger problems with a Corporation’s financial management.
Consequently, Big Six items are usually responsible for triggering Special Assessments. Rather than Special Assessing for only the shortfall, Corporations will typically assess for the full value of a Big Six component, choosing instead to leave the existing Reserve Fund intact.

 

The most innovative way to handle your condominium needs

We Have Helped Numerous Condominiums get Financing to Repair Common Property!

CCI Chapters

  • North Alberta, South Alberta
  • North Saskatchewan, South Saskatchewan
  • Manitoba
  • Ontario - Eastern Ontario, Toronto, Huronia, Golden Horseshoe, Grand River, Windsor - Essex County, Northwestern Ontario, London & Area
  • New Brunswick, Nova Scotia

Other Condominium Industry Organizations

  • CHOA, Condominium Home Owners Association of BC

Our corporation faced a construction disaster in 2019 which necessitated 9 million dollars of repair work amongst 168 owners. Jim Wallace and Condominium Financial expertly guided our volunteer board or directors, engineer, legal counsel, property management and all homeowners through the complexities of loan options and the evaluation of different loan vendors to choose the right path forward for us. Jim has continued to support all parties, especially the BoD and owners through the loan draws, interest calculations and is just a phenomenal source of support and information. This would not have been possible without his extraordinary knowledge in this very specialized field.

— Maria Oldfield, President, MTCC 1400.