Funding when you need it.
Our financing allows strata councils and condominium boards to undertake repairs that might not otherwise be done due to a lack of funds. It allows the quality and appeal of the condominium building to be maintained and improved, for the benefit of all owners.
Serving the Financial Needs of Strata/Condominium Communities
Strata Capital® provides repair funds directly to the strata/condominium corporation, not the individual owners.
Strata councils and condominium boards have difficulty raising money for major repairs and restoration. Construction costs have escalated dramatically. Reserve funds are often inadequate, and special assessments can be extremely onerous and unfair to unit holders. Our highly specialized Condominium Repair Financing allows a corporation to finance major capital repairs and restorations, and spread the cost over the lifetime of the improvement. This makes necessary repairs easier to afford, and ensures that all owners, present and future, bear the cost.
Banks and financial institutions rarely lend to strata/condominium corporations. This is because corporations do not 'own' common property, and cannot give mortgage security. Strata Capital's financing has been developed specifically for the unique context of strata/condominium corporations.
Our application, approval, and administration processes are easy, proven, and structured with condominiums in mind.
Your strata/condominium corporation chooses how much or how little to borrow, and your choice of the repayment term so that repayments suit your community's budget.