Firstrata Finance is a specialist strata lender providing loans to residential, commercial and mixed-use strata schemes across Australia. With more than 20 years of experience, the team helps strata communities pay for major building works, repairs, upgrades and other projects.

Body corporates, strata committees and strata managers can choose from several loan options. These include traditional strata loans, the Strata Lite Loan and the Firstrata Hybrid Loan®. As a result, strata communities have more choice when planning how to fund important works.

The team also supports strata managers throughout the loan process. In addition, Firstrata provides education and training to help managers understand strata finance and guide their clients.

Firstrata Finance Strata Loan Solutions

Firstrata Finance provides several lending options for strata schemes, including:

• Firstrata Hybrid Loan – Gives individual owners the choice to contribute their share of strata costs using their own funds or borrowed funds.
• Standard Strata Loan – Traditional strata finance for schemes seeking to borrow from $250,000 up to $10 million.
• Strata Lite Loan – Designed for smaller strata schemes with four or more units, with loans from $50,000 up to $250,000.

Firstrata Finance Flexible Strata Funding Options

Every strata scheme has different funding needs. Therefore, Firstrata offers loan options that give owners and committees more choice when managing project costs.

The Hybrid Loan gives each owner a choice. They can use their own money or borrow funds to pay their share of the scheme's costs.

Firstrata's strata loans are unsecured. No mortgage, lien, charge or caveat is placed on individual units. Owners and committee members also do not need to provide personal guarantees.

Support for Strata Managers

Strata managers can work with the Firstrata team throughout the loan process. The team provides support from the initial application through to the loan being set up.

In addition, Firstrata provides education and training for strata managers. These resources help managers understand the loan process and explain funding options to committees and owners.

Major Works and Building Projects

Major repairs and building upgrades can create a large cost for a strata scheme. A strata loan can help the scheme access funds for important works while spreading repayments over an agreed period.

Firstrata Finance works with strata communities on funding for urgent repairs, major works and larger capital projects. As a result, schemes can explore a loan option that suits their needs.

Looking for flexible strata finance? Contact Firstrata Finance to discuss a loan solution for your strata scheme or connect with us here!