About Us…How it works

We believe Strata Finance is the simplest, most reliable and equitable way to fund any need in strata buildings today.

Owners corporations sometimes need funding for building repairs, legal cases, building applications, renovations and fire upgrades as well as new capital works.

These needs are partly a result of the legislated requirement in each state for owner corporations to comply with their duty of care to repair and maintain their building to a safe, liveable standard and the requirements of insurance policies.

Previously the only options available were to raise a special levy or wait for the sinking fund to accumulate enough funds, whilst the building continued to deteriorate, building costs increased, the risk of legal liability increased and owners and tenants quality of life deteriorated.

Strata Finance provides simple funding solutions so strata owners can realise their goals of improved capital values, rental returns, improved building standards and in the case of residential buildings enhanced living standards. Strata Finance saves on time, expenses and provides complete certainty of funding.

Who is the loan with?

Strata Finance can provide or arrange non mortgage funding direct to the owners corporation.

Funding does not require financial information from individual owners and requires no guarantees, mortgages or liens.

Loans are regulated by the National Credit Code.

What can we finance?

Owner corporations can fund any need in strata. Typical applications include:

  • Professional fees - legal, engineering, building applications, building maintenance
  • Repairs & maintenance - water penetration, painting, structural work, lifts, roofs, windows, fire, concrete cancer
  • New capital works - new lift, balconies, façade, car park, new lots, pool, security system, foyer refurbishment and fire upgrades

The problem

The vast majority of strata properties are under funded despite the imposition of regular quarterly levies. This position often arises because:

  • The original developer/owner sets the levies (or body corporate fees) as low as possible - using them as a marketing tool to attract buyers;
  • The new owners are then reluctant to increase the levies;
  • Some owners have a mentality that owning a strata property is a short-term proposition and are reluctant to contribute more than they have to, leaving it to others later on to foot the bill; or
  • The sinking fund becomes too low to cope with unexpected expenses or when the building begins to deteriorate after a few years, forcing the introduction of special levies.

The solution

Funding from Strata Finance allows owners to do the work immediately when needed. It's a true user pays approach.

  • Negotiate more competitive building contracts secure in the knowledge you have the funds rather than awaiting owners to pay lump sum special levies
  • Remove or limit the risk of cost increases
  • Enjoy the ability to pass on the repayments to the new owners if you choose to sell
  • Cover yourself from the risk of legal liability
  • Take the hassle away of individual owners seeking alternative funds
  • Reduce the costs of individual financial transactions to fund special levies such as refinancing mortgages
  • Free owners funds and individual credit ratings so they can be used how individuals choose
  • Have the work done today and enjoy the benefits.
Top of page