Fund Repairs Without Draining Your Reserve:
Flexible Financing for Condo Boards & Property Managers
Exclusively part of Tenera's Turnkey Solutions Service
Finance Now. Scope Later.
Tenera helps condo boards and property managers secure upfront funding for major repairs—before finalizing scopes or quotes.
Projects are scoped and managed by Tenera to ensure quality, control, and lender compliance.
Draw down capital as each project is approved. Use your trusted contractors.
Fixed monthly payments over 5–20 years with no impact to your reserve.
Terms At-a-Glance
Tenera offers fixed-rate financing over 5–20 years, with terms designed to smooth your budget and unlock capital flexibility.
Interest rates are tied to Government of Canada bond yields + 4%, and amortization can be tailored to your needs.
No hidden fees. Just a one-time, transparent commitment fee split between approval and funding.
Why Choose Tenera?
.png)
Thorough Issue Scoping and Design
Customized assessments ensure targeted, efficient project plans for your property’s needs.
Seamless Work Management
End-to-end project oversight guarantees quality work, timely progress, and hassle-free execution.
.png)
Upfront Capital with Predictable Payments
Get pre-approved funding for multiple projects—pay monthly, not all at once.
A Simplified Financing Process
.png)
Initial Consultation
-
Assess your capital needs and repair priorities.
-
Identify target loan size (e.g., $500K+).
Inspection
-
Project scoping completed by Tenera with cost proposal.
-
Use your trusted vendors—we’ll handle oversight.
Terms & Approval
-
Fixed-rate financing, 5–20 year terms.
-
Board resolution and legal review required.
Funding and Implementation
-
Draw down funds as work is approved.
-
Tenera scopes and oversees for compliance.
Ongoing Support
-
Full project transparency and reporting.
-
Flexible repayment terms and consistent communication.
Case Study:
Roof Renovation Project for Seniors' Residence
Project Overview:
Tenera recently completed a $120,000 roof renovation project for a seniors' residence that had been grappling with persistent roofing issues for years. These repeated leaks were seeping into the seniors' living quarters, significantly degrading their living conditions and overall comfort.
​
The property management company, overseeing the residence home to many elderly individuals, faced substantial costs for the renovation but lacked the necessary funds. Conventional lenders were unwilling to finance the project due to perceived risks and high costs, and their loan offers were prohibitively expensive.
​
Recognizing the critical need for repair, Tenera stepped in to provide financial support and expertise. We offered flexible financing options tailored to the management company's needs, enabling them to commence and complete the renovation without delay.
​
The comprehensive roof renovation has addressed the leaks and structural damage, significantly improving the living conditions of the seniors by providing a safe and comfortable environment. This project stands as a testament to Tenera's commitment to helping property managers carry out their repairs through efficient and cost-effective solutions.
Challenges:
-
Financing Issues: The property management company was unable to secure financing from external sources.
-
Alternative Proposals: Another company suggested completing the project in four sections over four years, which was impractical due to potential recurring leaks before completion.
Our Solution:
Amortization Plan:
We devised a plan requiring a 50% down payment, with the remaining balance amortized over 12 months.
Alternative Approach:
The client initially planned a two-year project, addressing each half sequentially. Realizing the impracticality, we instead proposed comprehensive financing.
Outcome:
The roof renovation was completed in one phase, eliminating the risk of leaks during a prolonged project timeline. The seniors' residence now enjoys a fully functional, leak-free roof, enhancing the living conditions for its residents.