Specialized financial services company focusing on funding solutions for community associations.
LM Funding America, Inc. functions as a specialized finance company that focuses on providing funding solutions to nonprofit community associations, primarily located in Florida, with additional operations in Washington, Colorado, and Illinois. Founded in 2008 and headquartered in Tampa, Florida, the corporation offers financial support to these associations by purchasing the rights associated with delinquent accounts stemming from unpaid Association assessments. This unique approach allows LM Funding America to assist Associations in managing their cash flow and financial stability.
Central to LM Funding America's business model is its practice of acquiring delinquent accounts from Associations under various tailored terms, including through its New Neighbor Guaranty program. By purchasing these delinquent accounts, the corporation not only provides immediate liquidity to Associations but also assumes the responsibility of pursuing and collecting on these outstanding assessments. This strategic function alleviates financial burdens for Associations and enables them to maintain operational continuity and community services.
In addition to its core funding activities, LM Funding America continues to expand its footprint and service offerings within the nonprofit community association sector. Through its operations, the corporation supports the financial health and sustainability of Associations, contributing to the overall well-being of community governance and management. With a commitment to tailored financial solutions and operational excellence, LM Funding America remains a pivotal player in enhancing the financial resilience of nonprofit community associations across its operational regions.