Renee Beard
GBHand Holding When You Most Need It! We worked with Larry Kirschner who was responsive, informative and supportive through the entire process. If you are an HOA that isn't sure really how to begin this process Arch Capital Solutions is the way to go.
Rosalyn Pachter
GBAfter months of contacting local banks... After months of contacting local banks, we were unsuccessful in obtaining a loan with terms that would fit our Association’s needs. We have 400+ units ranging from studios to 3 bedrooms; needed $30M; a 2-year draw; and extended payback options. We were not surprised that our initial search for bank financing for $30 million was unsuccessful. It was not that local banks were totally unwilling. It was simply that they did not wish to extend terms for more than $10-15 million and not for more than 10-15 years. They did not appreciate that elevator modernization and domestic riser projects could not be broken up into smaller units without incurring substantial cost increases and major delays that risked catastrophic events. One of our members reached out to his contacts in the financing world to find brokers who were experienced with Associations and thus we connected with Arch Capital. We reached out and were pleased with the Arch Capital response. Larry Kirschner not only understood our situation, he had systems in place that allowed him to run numerous combinations of rates and terms and shared these results with detailed spreadsheets. In addition, he spent hours discussing various risks that we needed to consider including size of banks under consideration and their relevant experience with associations. He is very personable and worked hard to find suitable financing institutions. The results were well worth the consultant fee. If there were 10 *’s for ranking Arch Capital it wouldn’t be enough. Larry is an excellent listener, proactive and most important, understands the unique needs of an HOA. He guided us through every step of the process and provided further assistance on Special Assessment terms after the Bank loan was secured. 2626 N Lakeview Condominium Association Chicago IL
Jody Hill
GBProfessionalism and tenacity at their finest! Having taken over our COA, as a new Board we were highly dismayed when we realized that reserves had not been set aside for the replacement of our 20+ roofs. The fact that it was in the middle of all the PPP loans being made, made it difficult to get any response, even from our local banks. That's when I found Arch Capital Solutions. They located a lender who would give us a loan at a fairly reasonable rate and with terms we could meet. They were persistent in seeking the loan for us, communicated very clearly on all matters, and got the job done. Our Association is very grateful for their professionalism and tenacity. Did I mention that their fee was very reasonable? Thank you, Larry. You guys really came through for us!
Steven Lancia
GBProfessional.Fast.Service the best. Larry was very thorough and gave me exact requirements for a fast approval. It took less than a few weeks. Very happy with his company professional and gets it done. Thank you for helping my association.
Bruce Brown
GBHighest Recommendation. As Board Treasurer, I worked directly with Mr. Kirschner to secure bank financing for our condo association. Mr. Kirschner was always proactive and responsive to the many challenges this process entailed and demonstrated great perseverance throughout the process, which actually extended over a year due to a variety of circumstances. The successful closing of our bank loan provided us with tremendous financial benefit and we owe this to Mr. Kirschner's professionalism and dedication.