Lannock Strata Financing provide strata financing in the form of unsecured loans to strata communities, tailored specifically to individual community needs and projects. Their rapid approval process provides funds for capital works including defect rectification, flammable cladding replacement, repairs, renovations, sustainability upgrades and strata asset renewal.
Finance is also available for non-capital works including professional services such as specialist engineering consultants or building safety consultants, litigation and redevelopment.
The company’s approach means individual owners are not saddled with an additional mortgage but benefit from the investment value and capital uplift of works sooner, as there is no waiting around for a strata sinking fund to accumulate.
Founded in 2004 by CEO Paul Morton, Lannock are industry experts who understand the complexities of strata communities, providing a streamlined approach that suits the operational, legal and financial requirements of owners corporations and strata bodies.