Your Trusted Partner in Strata Lending
From traditional strata loans to our innovative hybrid strata loan, Firstrata Finance gives you choice, clarity and control. Whether your strata scheme needs fast and simple funding or owners want more flexibility in their choices, Firstrata Finance has the solution.
As a Strata Manager, whether it’s your first strata loan or your tenth, take comfort that the Firstrata team has your back. Firstrata provides a comprehensive suite of education and training programs to assist you through the loan establishment process and beyond.
Flexible Funding Options for Everyone
Firstrata’s Hybrid Loan lets each strata owner choose how they contribute – either upfront or through loan levies making it easier to accommodate different financial situations.
Simple Loan Approval for Swift Project Starts
With a straightforward approval process, strata schemes can access funds quickly avoiding delays and minimising disruption for essential repairs and upgrades.
Tailored Support from Strata Finance Experts
With over 20 years of experience, the Firstrata team provides personalised loan solutions and digital end-to-end service, making the process smooth for owners, committees, and managers alike.
Strata Projects Don’t Have to Wait
When owners can’t agree on how to fund a project or when you’re waiting for levies to be collected, essential repairs and upgrades can stall, putting pressure on committees and delaying progress.
Firstrata Finance provides fast access to Standard Loans to keep projects moving, plus flexible Hybrid Loans for larger projects where owners want the choice to use their own money or borrow money.
Our Real Case Studies
WOLLONGONG
42-Lot Strata Scheme Breaks Funding Deadlock for Major Remediation
PENRITH
208-Lot Strata Scheme Funds $9.1M in Remediation with Owner Choice
HORNSBY
154-Lot Strata Scheme Refinances Debt and Funds Fire Safety Works
Read more case studies for a deeper insight
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Find out how our strata loans can be tailored for your needs
Funding Solutions for Your Strata Scheme
Our strata loans are 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.
The Firstrata Hybrid Loan®
This innovative funding solution provides individual owners with the choice to use your own money or borrowed money to fund your share of your strata scheme’s costs.
Standard Strata Loan
A traditional strata loan for strata schemes wanting to borrow over $250k up to $10m.
Strata Lite Loan
Designed specifically for smaller strata schemes with 4 or more units, loans range from $50k up to $250k, with fast approval and access to loan funds.
Strata Loans and Finance Options for Apartment Owners
Loan Repayment Calculator
Calculate your monthly loan repayments instantly
What’s Involved in the Process?
STEP 1
Request a Preliminary Funding Proposal
We’ll send you a no-obligation proposal outlining indicative interest rates and repayment estimates, giving you a clear idea of how the loan could work for your strata plan.
STEP 2
Request Meeting Motions and Contract
Once your funding needs are confirmed, we’ll then send you the loan documents and motions ready to be presented at your General Meeting for approval by your owners.
STEP 3
Submit Your Application
We’ll provide you with a link to our application portal, and you provide details about your strata scheme and the loan requirements.
STEP 4
Access Funds When You’re Ready
Following our credit and responsible lending assessment, you’ll receive confirmation of loan approval. Just submit your loan drawdown request and supporting documents when funds are required. Loan repayments are debited each month automatically from your strata scheme’s bank account.
Seamless from
start to finish!
Frequently Asked Questions
What are strata loans, and what are they used for?
A strata loan is a type of unsecured loan taken out by a strata scheme (Owners Corporation / Body Corporate / Strata Corporation / Strata Company) to fund major works, repairs, or improvements to a building or common property. Instead of each owner paying a lump-sum special levy upfront, the Owners Corporation borrows the funds and repays the loan over time.
Strata loans are not personal loans – they are taken out by the strata entity itself, and repayments are made from strata levies collected from owners.
How do strata loans work?
A strata loan allows the strata scheme (Owners Corporation / Body Corporate / Strata Corporation / Strata Company) to borrow money as a group to pay for building works, repairs, or upgrades. Instead of owners paying a lump-sum special levy, the strata scheme receives the full funds upfront and repays the loan over time through strata levies.
What happens when an owner sells their unit?
When a strata scheme has a loan, nothing needs to be “paid out” by the individual owner when they sell. The loan belongs to the Owners Corporation, not the person, so when an apartment is sold the incoming purchaser takes on the obligation to pay ongoing levies..
What are the impacts on owners of a strata loan?
A strata loan impacts owners in several practical ways — some financial, some practical, and some legal. Owners don’t need to come up with thousands (or tens of thousands) of dollars at once, as they would with a special levy.
Costs are spread over time, making essential works more achievable for everyone. Financial pressure is reduced with less strain on owners with limited savings.
Owners enjoy the benefits of the works being completed, typically faster than if waiting for all owners to pay a special levy.
Owners and committee members can take comfort that the required works are being completed, fulfilling the increasingly complex legal obligations to keep your strata building in good repair.
What is the difference between a strata loan and a special levy?
A special levy is a one-off bill for large and often unexpected expenses (like a major repair), collected directly from owners, often in installments. A strata loan, conversely, is money borrowed by the Owners Corporation (Body Corporate / Strata Corporation / Strata Company) to fund that project, allowing owners to pay off their share over time as part of regular levies, avoiding a huge upfront payment and enabling faster project starts.
The Latest Strata News and Insights
Here we share our latest blog articles, funding insights, regulatory changes, and curated external
resources to help committees and managers make confident financial decisions.
New Flexible Funding Solution for strata repairs and upgrades
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QLD: Q&A Can owners choose between upfront levy or loan repayments for lift replacement?
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Firstrata Finance Expands Nationally with Launch into Western Australia
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