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Comparing LM Funding Products – What’s The Best One for My Association?

To help Associations collect delinquent dues and prevent reduced property values, LM Funding offers three different products, designed to meet an Association’s specific needs.

LM Funding Classic
Typically, LM Funding pays the “safe harbor” amount up front and covers all legal fees and costs. LM Funding retains collected interest and late fees and the association receives all recovered assessments.
BEST FOR:
• Condos and HOA’s with significant cash flow needs
• Want to collect as much of the past due amounts as possible
• Desire to eliminate legal fees
• Less time-sensitive about the collection process

New Neighbor Guaranty™
LM Funding pays dues for all delinquent accounts on a current basis in exchange for assignment of all the associations past due accounts receivable once the contract is final
BEST FOR:
• Condo’s and HOA’s with large delinquent balances
• High percentage of delinquent units
• Desire to guarantee revenues in their current and future budgets

Complete Protection Plan
Generally, LM pays “safe harbor” amounts on all delinquent units, and will cover all legal expenses and fees. Upon collection, LM recovers its funding amount and legal expenses, the rest of the proceeds are shared equally with the association.
BEST FOR:
• Condo’s and HOA’s who want to completely eliminate the risk, expense, and time element of collection matters
• Less time-sensitive about the collection process

The professional experts at LM Funding have helped thousands of Associations, and are well-equipped to help choose the right product. For a Free Consultation, Associations can go to LMFunding.com or call (866) 235-5001.