ABOUT LTM GROUP
We make your
association bankable.
Securing an association loan in Florida is nothing like getting a home mortgage. The rules and requirements are not the same. Not having the right team presenting a formal loan package to the right bank can cost an Association time and money.
Who we are
Our only client is the
association
LTM Group works with Florida condominium and homeowner associations facing 25 to 40+ year recertifications and the construction projects that come with them.
We review your project budgets, financials, by-laws, declarations, and special assessments to prepare your association to submit an attractive loan package to the bank
​
From the boardroom...
to the bank...
through the project...
LTM Group is
the partner your association
needs in its corner.
25 TO 40+ YEAR RECERTIFICATIONS
PROVEN TRACK RECORD
ACROSS FLORIDA
Seven things that
happen between the
scope and the signature.
How we work
WHERE IT STARTS
Why associations get turned down
01
02
High delinquencies, unresolved litigation, defective association documents and a weak loan to value ratio are the reasons a risk manager stops reading. Any one of them can end a request that was otherwise sound.
Banking tolerance guidelines and thresholds are not published anywhere. Knowing where each lender draws its line is critical to save time and money.
THE WORK
How we build
the file
Perceived risk is answered with data, facts and history
03
​
We get deep into the association's history and its project, so that every
concern a risk manager raises can be met with fact based evidence
04
We prepare the loan package and collect every document needed for submission
05
We are in constant communication with the bank, the board, management, engineering and counsel and are always available for a town hall meeting with owners to explain the loan process
AFTERWARD
What happens once it closes
The relationship outlives the boards that sign it.
06
We stay involved in the life of the association until the loan is repaid in full, through board turnover
07
Across the draw period we work with management, the bank, the engineer and the contractors to process AIA payments, loan advances and wire transfers.
LEADERSHIP
The people on your file.
Lance Kaplan
PRINCIPAL · PRESIDENT
LCAM - 25+ YEARS ON SITE
Lance co-founded LTM Group and serves as its President. He spent more than 15 years as a General Manager supervising on-site construction projects, and more than 20 years running condominium properties as a Licensed Community Association Manager.
He has sat on both the board's side of the table and on the contractor's and is a great asset to have on your team during this process.
​
Todd Wasserman
PRINCIPAL · CEO
MBA - UNIVERSITY OF MIAMI
Todd co-founded LTM Group and serves as its CEO. He holds an MBA from the University of Miami and has spent over 11 years preparing condominium associations for major construction projects.
He leads the firm's lender relationships, and is the person responsible for walking a credit committee through the loan package.
Lily Wasserman
FINANCE & OPERATIONS MANAGER
BBA FINANCE - MSF CANDIDATE
Lily earned her BBA in Finance and Marketing from the University of Miami, graduating magna cum laude, and is currently completing her Master of Science in Finance.
She supports the firm's financial and business operations:
Association funding, lender relations, accounts receivable, financial reporting, and market research for condominium and construction projects across Florida.
SELECTED ENGAGEMENTS
What the work looks like in practice.
$25M+
AVENTURA BEACH CLUB
SUNNY ISLES BEACH
Nine years of funding for building
$17.5M
TOWNHOUSES AT JACARANDA
PLANTATION
A third loan request, completing the association's 40 year recertification program.
$15M
WINSTON TOWERS 600
SUNNY ISLES BEACH
Tower repairs, coordinated with the city building department through closing.
$8.5M
QUADOMAIN CATANIA II
HOLLYWOOD
An initial line of credit and a later increase for concrete, balconies, railings and hallways.
“
''From day one, their insight and consistent communication made a long and complicated process quick and easy for our board.''
WALT CASSEL
· FOUR SEASON CONDOMINIUM, FORT LAUDERDALE