Frequently Asked Questions

What is SolidGrounds Capital?

SolidGrounds Capital is an AI-first financing firm dedicated to serving HOAs and condo associations. We combine advanced underwriting technology with deep financial expertise to deliver fast, compliant funding for structural repairs, reserve requirements, and community improvements. Our mission is to help boards secure capital quickly while avoiding burdensome special assessments

How do you help HOAs?

We help HOAs by providing fast, AI-driven financing solutions tailored to their needs. Whether it’s funding structural inspections, meeting new reserve requirements, or covering unexpected repairs, our platform streamlines underwriting to deliver capital quickly. This allows boards to stay compliant, protect property values, and avoid heavy special assessments on residents.

What are special assessments?

Special assessments are one-time fees that HOAs charge homeowners when existing reserves aren’t enough to cover major repairs, emergencies, or compliance projects. These unexpected costs can place a heavy financial burden on residents, which is why SolidGrounds offers financing solutions that help boards avoid relying on special assessments.

Why are reserves important?

Reserves are essential because they ensure HOAs have the funds to handle future repairs, maintenance, and compliance projects without sudden financial strain. Adequate reserves protect property values, keep communities safe, and prevent the need for surprise special assessments. With new legislation in Florida, properly funded reserves are no longer optional—they’re a legal and financial safeguard for every community.

How can we get started?

Getting started with SolidGrounds is simple. Boards can reach out through our contact page or schedule a consultation, and we’ll guide you step by step. After a brief review of your community’s needs, our AI-powered underwriting platform quickly assesses eligibility and delivers funding options—often in days, not months.

Community Resilience

At SolidGrounds, we aspire to strengthen community resilience by ensuring HOAs have the financial tools to withstand challenges. Through AI-powered underwriting, we deliver fast access to capital so boards can protect property values, meet compliance, and keep residents safe—today and for generations to come.

Financial Solutions

We provide tailored funding options designed to help HOAs and condo associations manage large expenses, from structural inspections and reserve requirements to emergency repairs. At SolidGrounds, our financial solutions use AI-driven underwriting to deliver capital quickly and efficiently, reducing reliance on special assessments while keeping communities compliant and financially stable.

Safety First

At SolidGrounds, we aspire to ensure every community has the resources to stay safe, resilient, and compliant. By delivering fast, AI-powered financing, we empower HOAs to address structural needs and reserve requirements without overburdening homeowners—protecting both residents and property values.

Who We Are

At SolidGrounds Capital, we are building an AI-first platform to transform how South Florida HOAs and condo associations access capital. Our leadership team combines deep experience in consumer finance, real estate, law, and financial education, uniquely positioning us to deliver fast, reliable funding in a market reshaped by the Surfside collapse and new compliance requirements.

Elchonon Shagalov, Esq. MBA — Co-Founder & Chief Executive Officer
Elchonon leads SolidGrounds with a vision to make community financing faster, smarter, and more transparent. As a seasoned attorney and consumer finance professional, he brings expertise in governance, compliance, and strategic leadership. His focus is ensuring SolidGrounds’ AI-powered underwriting delivers both investor confidence and tangible community impact.

Moran Nefesh, CPA, MBA — Co-Founder & Chief Financial Officer
Moran is a financial executive with extensive experience in consumer finance, retail, and private equity environments. Holding an Executive MBA from the University of Miami and a CPA license from Israel, Moran has overseen complex financial operations and growth strategies. At SolidGrounds, he manages financial strategy, risk management, and the development of AI-driven underwriting models that ensure speed and precision in lending.

Contact Us

Reach out to us for support in funding and maintaining your community's safety.