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Community Association Lending

When your condominium or homeowner association (HOA) needs financing for projects and capital improvements, you have several options at Dime Bank.

Explore our commercial lending options for your HOA.

Your community association board needs quick access to funds to tackle maintenance work and address any funding challenges. Work with Dime Bank to secure the financing your association requires. Our local team is responsive and adaptable to your situation. We work closely with HOAs throughout Connecticut and Westerly, Rhode Island, to provide local expertise and ensure a smooth loan process.

Lines of Credit

Non-revolving line of credit during the capital improvement construction period which converts to a permanent loan at the end of the construction period.

Term Loans

Term loans are available to lock in long-term interest rates for projects which will be completed quickly or for association’s that prefer to start loan repayment immediately.

Commercial Lenders

Brian McNamara
Senior VP, Chief Lending Officer
Chris Gauthier
FVP, Commercial Lending Manager
Celeste Brouillard
VP, Senior Commercial Loan Officer
John Estelle
VP, Senior Commercial Loan Officer
William Rosadini
VP, Senior Commercial Loan Officer
Gerald R. Tavernier, Jr.
VP, Senior Commercial Loan Officer
Cindy Palmer
Assistant VP, Commercial Loan Officer
Denise Ogden
Assistant VP, Commercial Loan Officer
Matthew Voelker
Assistant VP, Commercial Loan Officer

Frequently asked questions

Absolutely. Dime Bank provides specialized commercial term loans and lines of credit designed for smaller to large-scale capital improvements. Common projects include roofing & siding, sidewalks and paving, pool refurbishment, or other common-area updates.

Qualifying for an association loan focuses on the collective financial strength of the community rather than individual members. Key factors include: low delinquency rates, reserve funding, owner-occupancy ratio, and review of historical financial statements.

Absolutely. Dime Bank provides tailored financing for mixed-use properties, including residential complexes with commercial or office space.

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Been with them over 10 years. Great staff, friendly, knowledgeable.

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