Borrowing funds for Strata Repairs

December 7th, 2010
What if a Strata is planning a major building facelift, new roof, windows or paint?  Strata Corporations can borrow funds and there are several banking institutions in BC who lend to Strata Corporations. A Strata Corporation can enter into a loan agreement which is a contractual document that will grant the lender the first priority of receipt of special levies and strata fees. Because Strata ...