Lannock's Levy [or is it anti-Levy] Mate

Lannock is a well known strata lender that pioneered the strata loan business in Australia. So, when they have a new initiative it’s worth a look.

Levy Mate is an online financial model and tool that enables strata buildings, strata owners and strata managers to help them decide about ways to fund their capital works budget by allowing them to input their medium term funding requirements [like from a capital fund plan] and then see how different funding approaches between strata levies and loans and different strata levy amounts look and the before tax and after tax positions.

It’s pretty neat, works smoothly and helps less financially literate strata citizens to do some financial modelling that’s worth looking at if that’s your strata job. And, it can’t be a bad thing to improve the financial information that’s available to and in strata buildings.

So, it looks like this Lannock initiative isn’t about lending or borrowing money. Or, at least not completely about that.

And, it may be the strata levy’s best mate.

You can register for and play with Levy Mate here.