About Us
Homeowners associations in the U.S. manage over $100 billion in assets annually, yet over 70% of them face financing challenges due to outdated banking practices.
We are transforming how HOAs access capital.
Our competitive advantage is not just speed —it’s strategic market expertise.
Every year, over 360,000 homeowners associations (HOAs) across the country wrestle with aging infrastructure, unexpected repairs, and capital improvement projects—often without access to flexible financing. Banks can be wary of lending to HOAs due to perceived risks or cumbersome application processes, leaving communities scrambling to pay for vital upgrades that affect property values and resident satisfaction.
Common Area fills this critical gap. We’re a specialized, non-bank lender with deep industry expertise, offering fast, tailored financing solutions to HOAs when they need it most. By streamlining the funding process and leveraging the predictable cash flow of monthly dues, we make it easier for boards to secure capital without imposing crippling special assessments on homeowners.
For investors, the opportunity is enormous: a high-demand market with stable revenue streams, minimal competition, and strong asset backing. Our approach is designed to mitigate risk while delivering consistent returns. With Common Area Credit, we’re not just funding repair projects—we’re investing in residential communities’ long-term health and value.
We use Finicity, a Mastercard company, to securely connect an HOAs financial account data to its loan application and immediately verify income.
From Our Founder
“After decades of working in municipal investment banking, I’ve seen firsthand how financing can transform communities — and how its absence can devastate them.”
At Common Area Credit, we do things differently. We focus on making debt financing fast, transparent, and tailored for community associations. Our specialized model leverages the flexibility of independent funding, giving us a cost-of-capital advantage that banks can’t replicate.
Banks excel in areas like deposit accounts and cash management. However, for HOA lending, we offer a dedicated, more reliable solution for your association’s financing needs. Let us show you how we can make the process easier—and better—for your community.
William Baker
Security is our top priority
We use Finicity, a Mastercard company, to securely connect an HOAs financial account data to its loan application and immediately verify income. This eliminates the slow, frustrating process of manually sharing bank statements and other documents. It’s fast, simple, and secure (i.e., we never can access your account data).
Security Leadership
Our top priority is data security and protection. We implement best-in-class physical, technological, and procedural security safeguards similar to those used by major financial institutions (banks, credit card companies, trading firms).
What is done to protect your privacy and security
Encryption
Encryption scrambles sensitive transmissions made via the Internet. We employ strict encryption processes—the same ones used by financial institutions. Whenever data is transmitted, we require SSL /TLS (TLS1.2, soon to be TLS1.3) encryption. We also store data in an encrypted format (via AES256bit encryption), with additional layers of encryption added to our backup systems.
Firewall
Firewalls restrict connections between publicly accessible servers, including connections from wireless networks and system components storing user data. All Finicity systems are protected by separate firewall layers. We use a defense-in-depth approach with a web application firewall, defending against OWASP Top10, DDoS attacks, and any known exploits against websites and applications.
Additionally, we employ cutting-edge machine-learning technology that autonomously identifies and blocks any network or system activity suspected of being nefarious.
Password and Account Protection
A username and hidden (hashed) password are required to access any Finicity online service. After a username or password is entered incorrectly a specified number of times, access to an account is blocked. You are responsible for protecting the secrecy of your password by the terms of the Finicity end-user service agreement.
All other services employed by Finicity require either multi-factor authentication or are tied to a single sign-on function (SSO).
Physical Security
Finicity uses secure facilities monitored and manned 24 hours a day, 7 days a week. Access to servers requires multiple levels of identification, authentication including biometric and other security procedures.
Regular Internal and Third-party Security Audits
All of our systems, policies and procedures undergo regular security audits by third-party security experts. All systems are regularly updated. Finicity is SOC2, Type 2 certified, and maintains a PCI Level 1 RoC/AoC. We implement industry best practices for internal and external vulnerability testing, patching, anti-malware/virus and data loss prevention.
Correcting/Updating Personal Information
You may review, update or correct your contact, account and financial information by contacting Finicity Support.
Reporting a Privacy or Security Related Issue
If you have a security or privacy-related matter, questions about our Privacy Statement, our information practices, or other aspects of privacy related to the use of Finicity services, you can email our Data Privacy Officer.
