[quote=Diego Mamani]I think this is an interesting subject. Some time ago I thought of lending money to HOAs to try to get some decent returns. But, what collateral can they offer? Liens on all the houses there? I would need to first do title searches to find out how many houses have any equity in them.

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Banks lend to HOA’s routinely. They get a senior lien against the HOA’s cash flow (dues). It’s obviously not riskless, but if you put yourself at the very top of the payment chain – before any other expenses get paid – you should get paid back if the loan amount isn’t absurd.