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Effective URL: https://lannock.co.nz/
Submission: On April 10 via api from US — Scanned from US
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Please click here if you are not redirected within a few seconds. LANNOCK Navigation * Body Corporate Loans * Fire Safety * Insurance Premium Funding * News & Insights * Contact * 09 965 9965 * Body Corporate Loans * Fire Safety * Insurance Premium Funding * News & Insights * Contact * 09 965 9965 * The leading body corporate finance specialist With over 10 years experience in the body corporate industry, Lannock offers comprehensive finance solutions you can rely on. Contact us today for an obligation free body corporate loan proposal. CONTACT US * Does your building comply with fire safety standards A Lannock Body Corproate Loan puts owners in control. Funds are provided directly to your body corporate so you can get problems fixed now. Improve the fire safety of your body corporate building. FIND OUT MORE * Renovate, don’t detonate. Everyone benefits when your apartment block is refurbished. A Lannock Body Corporate Loan will help you get started, pronto. Contact us for an obligation free loan proposal today. CONTACT US * Disappointed with defects? A Lannock Body Corporate Loan will help your body corporate get defects sorted. Contact us for an obligation free loan proposal today. CONTACT US Lannock Body Corporate Loans Lannock Strata Loans A Lannock Body Corporate Loan is an unsecured loan to the body corporate to fund improvement projects like renovations, defects, green projects and repairs. Lannock will also fund strata insurance, professional services and litigation. Owners enjoy the lifestyle benefits and investment returns of completing the project sooner. And because you aren’t waiting around for a sinking fund to accumulate, you can pay today’s costs and avoid the problem getting worse. Body corporate borrowing may be particularly beneficial for investors – please refer to your tax adviser No initial outlay An easy multi-drawdown facility Choose your loan term for each advance How a Lannock Body Corporate Loan works Contact Lannock for a Loan Proposal to fund your improvement project. Discuss this with the owners. Ready to proceed? Lannock will provide a Loan Contract to be tabled and approved at a General Meeting. As works are completed, the body corporate draws down funds from Lannock to pay contractors. You can draw as many advances as required, up to the value of the Loan Contract. You only pay for what you use, when you use it. ABOUT OUR FUNDING Lannock provides funds directly to the body corporate – we do not lend to the individual owners. Our funding is completely unsecured – there are no mortgages, banker’s liens, charges or caveats. Because we provide funds to the body corporate directly, we do not investigate the financial position of individual owners of units. We do not require owners, committee members or the strata manager to give personal guarantees. The strata manager is not required to certify documents. AMOUNT OF CREDIT Lannock will provide funds for strata improvement projects up to 20% (depending on the size of the strata scheme) of the aggregate market value of the lots in your strata company. Subject to this percentage, there is no specified minimum or maximum amount we will fund. Lannock will consider variations to this standard criterion in special cases such as where the building is being redeveloped or where additional value is being created. DRAWINGS (ADVANCES) Advances can be drawn at any time during the Availability Period (which is usually 1 year from date of the Facility Agreement). Contractor’s invoices need to be provided in support of each Advance. Lannock will remit the funds directly into the body corporate’s account to enable a contractor to be paid, or re-imbursement for a payment already made. You have the flexibility with each Advance to specify: • Term of Advance (1 to 10 years) • Variable or Fixed Rate (1 or 2 years) • Interest Only Period (up to 2 years) Why choose Lannock? We are the leading body corporate finance specialist in Australia, helping owners protect and improve their properties with efficient finance. Most flexible body corporate loans available. No job is too big or too small. No minimum loan amount. Simple and fast process. Contact us today for a Loan Proposal so you can get started quickly. Specialist and dedicated team ready to help owners and body corporate managers around Australia. We can lend for renovations, defects, green projects, building insurance, litigation and more. SUBSCRIBE TO RECEIVE BODY CORPORATE NEWS AND INSIGHTS FROM LANNOCK About us Lannock is a specialist body corporate financing company, established in 2004 by Paul Morton, CEO. When you finance your body corporate project with Lannock, you are dealing with the industry experts. We finance capital works for bodies corporate and owners corporations including repairs, renovations, professional services, litigation and re-development. * “Borrowing should always be an option considered by strata owners as part of the funding mix.” Rob Beck – General Manager, Owners Corporations Victoria Inc (OCV). * “What was really great was being able to get a new retaining wall built within a few weeks of deciding to do it. You can’t put a price on that kind of peace of mind.” Graham Pooley, Treasurer, Owners Corporation, Bellevue Hill NSW. * “Lannock’s service has allowed us to maintain our iconic piece of Melbourne.” Graham Wilson, Chair, Owners Corporation, “The George”, St Kilda VIC. * “We would never have been able to achieve such a positive result for the owners without the support of Lannock.” Noel McDermott – Chair, Body Corporate, “Grand Reef”, Dee Why NSW * “Borrowing should always be an option considered by strata owners as part of the funding mix.” Rob Beck – General Manager, Owners Corporations Victoria Inc (OCV). * “What was really great was being able to get a new retaining wall built within a few weeks of deciding to do it. You can’t put a price on that kind of peace of mind.” Graham Pooley, Treasurer, Owners Corporation, Bellevue Hill NSW. * * -------------------------------------------------------------------------------- Contact us FAQ Privacy Lannock Strata Finance 2 Pty Ltd ACN 147 657 823. Lannock Capital 2 Pty Ltd Australian Credit Licence 412905. Level 3, 140 William Street, Woolloomooloo, NSW, 2011. Chat offline. Leave a message Leave a message Chat offline. Leave a message We are currently offline. Please leave a message and we'll get back to you shortly. Reactivating your previous chat... Connecting. Please be patient...