Hybrid Loan Agreements in Strata Schemes: Why the Current Structure Does Not Work
Introduction There are strata financiers marketing a product known as “hybrid” loan – structures in which an owners corporation (OC) borrows money from both a commercial lender and from individual lot owners within the scheme, variously called “Lending Owners”, “Participating Lot Owners” or “Self Funding Owners”. In this article I will use the generic term […]