Austrata Finance provides funds directly to your strata scheme, not to individual owners or the Strata Manager. The loan is unsecured: there are no mortgages, liens, charges or caveats on individual units, and there is no requirement for individual owners or committee members to provide guarantees. All loans to ‘primarily residential’ Owners Corporations are regulated by the National Credit Code.
The Austrata Hybrid Loan®
Exclusively offered by Austrata Finance, providing choices to each owner on the funding solution that best suits your needs. The Austrata Hybrid Loan: Use Your Own Money or Borrowed Money – It’s Your Choice®
Standard Loan
A traditional strata loan suited to larger strata schemes seeking to borrow over $250k up to $10m.
Concise Loan
Designed specifically for smaller blocks with 4 or more units, loans range from $50k to $250k, limited information required, rapid approval.
Loan Purposes
Each of our loan products can be used for a variety of reasons, including:
Defect Rectification
Flammable Cladding, Water Ingress, Structural Issues, Fire Orders
Refurbishments
Lifts, Air-Conditioning, Electrical and Hydraulics, Painting, Balconies and Balustrades, Kitchen and Bathroom Upgrades
External Works
Sea Walls, Pools and Gardens, Access Ramps, Driveways
Non-Building Purposes
Insurance Premiums, Litigation, Green Initiatives
