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Yeah, thanks Jimmy.
The Strata Loan idea (for some) is now canned. Due to the reasons you highlighted.
Supplementary Question.
So, the O.C (4 of us with equal entitlements) reach a consensus as to the total Cost and choice of Contractor/s, and that it will be paid for by a Special Levy.
Those who stand to be most financially disadvantaged by the amount of their share, argue that the agreed repairs do not require to be undertaken altogether at once. Owners wishing otherwise, with the motivation of having the Strata spick n speck for sale disagree.
Two of these are big ticket items, replacement of tiled roof and building wiring. Which have both been inspected and reported as requiring replacement.
In the absence of a Strata Loan what next ? Tribunal adjudication ?