What many do not realize is that a Body Corporate or Home Owners - TopicsExpress

What many do not realize is that a Body Corporate or Home Owners Association own no assets, and as a result cannot borrow money from banks for much needed maintenance projects. Propell have a product called Revolving Loan Facility. Compared to the Project Loan Facility there is no setup, monthly or annual fees. Propell provides a credit facility to Bodies Corporate. This entails: • Immediate access to funding • Unlimited withdrawal frequency • Minimum monthly repayment (3% of drawn facility) Should you require this facility for any of your Body Corporates, the following documents will be required in order to prepare a formal quotation for the scheme: • Levy roll of the scheme • Debtors list with owner balances (age analysis) • Participation Quota (PQ), incl. sqm size Email: [email protected]

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