A company specialising in providing funds to body corporates, Strata Finance, has entered into an affiliation arrangement with MFS Limited under which MFS will become its principal financier and service provider.
The deal, announced by Strata Finance today, will see the company offering three to seven year loans to strata buildings.
Strata Finance managing director Bill Debney said the arrangement with MFS represented a significant step for his company because of the strength it would give Strata Finance in the market.
Strata Finance was formed in 2004 and provides non-mortgage loans to the owners’ corporations of strata buildings for major repairs, maintenance and upgrades of common areas.
