Finance for Strata Title Communities

What is strata finance?

When an owners corporation or body corporate requires extra money to make improvements, to cover the cost of repairs, to cover insurance premiums or even for litigation costs there are essentially three options to choose from: 

  1. To use money from the sinking fund.
  2. To raise a special levy where all owners contribute to fund the works.
  3. Using strata finance where money is made available quickly to complete works.

Strata finance, or a strata loan, is not new and has been used by strata title communities as a finance option for years. A strata loan provides non-mortgage funding direct to an Owners Corporation or Body Corporate so there is no need for financial information from individual owners

The loan requires no personal guarantees or mortgages. 

What do you need to do?

Just supply us with the following information:

1. How much the strata community wishes to borrow?

2.  What will the funds be used for?

3.  How many lots the funding is applicable for?

We will provide you with a proposal including terms of borrowing and costs involved.

Use this proposal as a motion at the next AGM or EGM for acceptance to gain funding for the works.

How are funds accessed?

The funds may be used as a progressive draw-down as and when you need them or taken as a single draw-down. Either way there is only one repayment each month. Interest is only paid on the actual money drawn.

Find out more about StrataLoans and how we can help with your strata finance.

How is strata finance used?

When your owners corporation or body corporate is in need of extra money not covered in the budget, using strata finance may be the ideal solution. Check the following video to see how.

Contact us to find out more about how strata finance can work for you.

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Supporting the strata industry

StrataLoans is a product of StrataCash Management, a long serving and trusted financial services entity specifically catering to the strata industry.

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Have questions you need answered?

You can find many questions about strata finance answered in our FAQs or give us a call on 1300 785 045. 

Frequently asked questions