Propell was formed 10 years ago to provide funding to Sectional Titles Schemes.
What many do not realise 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.
Our up front Special Levy Funding fills this void in the market and offers flexible repayment terms.
Every owner is liable for a monthly levy, a contribution that pays for the operating costs of the scheme, when owners neglect to pay their levy it places undue pressure on the paying owners and managing agents.
This is where we step in, we fund the monthly levy roll for the scheme and assume the collection role, assuring a healthy cash flow and allowing the scheme to function as normal.
Specialties
Advancing the full monthly levy roll to the Body Corporate and collecting the levies from the individual owners - Providing Special Levy funding.
