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.

Executive Leadership

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 bold vision to revolutionize community lending—making it faster, smarter, and more efficient. With a deep background in consumer finance and strategic growth, he has spent his career bridging technology and capital to expand access to responsible credit. A graduate of Cardozo School of Law and holder of an Executive MBA from NYU Stern School of Business, Elchonon combines financial expertise with entrepreneurial leadership to drive scalable, data-driven lending solutions.

Under his direction, SolidGrounds’ AI-powered underwriting platform is redefining how communities connect with capital—delivering performance, reliability, and real economic impact for borrowers and investors alike.

Moran Nefesh, CPA, MBA — Co-Founder & Chief Financial Officer
Moran is a seasoned financial executive with extensive experience spanning banking, consumer finance, and private equity environments. A Certified Public Accountant (Israel) and Executive MBA graduate of the University of Miami, Moran has led complex financial operations, structured credit transactions, and strategic growth initiatives for multi-unit organizations and investment platforms.

At SolidGrounds Capital, he oversees financial strategy, balance sheet optimization, and the integration of AI-driven underwriting models designed to enhance credit decisioning, compliance, and capital efficiency. His work bridges traditional financial discipline with emerging technology, building institutional-grade risk frameworks that enable scalable, data-driven lending.

Contact Us

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