Loaning Money To the Association

Personally, I wouldn't go down that road. If money needs to be borrowed, I would borrow from the bank, not a homeowner.

What may surprise you is the reason for my inquiry is that two owners asked me to find out if there was a way to "sell them a piece of the action" instead of, or in addition to, the bank. It's not my idea.

I've seen this in 2 or 3 associations over the years. In every case the owner(s)/lender(s) asked the association for something down the road. In one case, it was to extend their patio out onto common area; in another its was an additional parking space taken from the visitor spots and reserved for his unit; a third wanted scheduled repairs to his unit moved to the front of the list. Even though the loans had been paid off, they felt they were entitled to privileged treatment. Even if your's have the best of intentions in helping out the association, they will always have it to hang over your head. Try to avoid this if you can.