About Firstrata Hybrid Loan
The Firstrata team pioneered the Hybrid Strata Loan in 2021, and is proud to continue innovating this product that has been specifically developed for the benefit of strata owners. Owners have the choice to pay upfront, avoid strata loan interest and have “no more to pay” or alternatively spread your financial commitments over the life of a loan.
The Firstrata Hybrid Loan represents a breakthrough in strata financing, allowing owners multiple funding options:
Flexible Funding Choices
Owners can either pay a lump sum upfront or opt for ongoing loan levies
Progressive
Draw down
Interest is only paid on the actual balance used
No Personal Guarantees
Loans are provided to the strata scheme (called a Body Corporation or an Owners Corporation), not to individual owners
The Firstrata Finance expert team has continuously refined the hybrid loan product based on real-world project experiences, ensuring it meets the diverse financial needs of strata communities. The innovative approach reduces immediate financial burden and provides tailored solutions for complex strata financing challenges
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