Strata lender Lannock Strata Finance has launched a strata-borrowing calculator and conditional approval platform called PRONTO.
Lannock CEO Paul Morton said PRONTO provides strata managers and owners with a loan proposal and indicative approval in under two minutes.
“This is one of the most exciting new tools the strata industry has seen in years,” according to Mr Morton.
The new strata-borrowing calculator, a system which has never been seen in Australia, will allow strata managers and owners immediate information to help assess if a strata loan is an ideal option for their situation.
“PRONTO is a game changer for strata owners and managers in Australia, allowing an instant assessment of the borrowing capacity of their unit block,” he said.
“This platform is so easy to use, you simply need to enter a few details such as the postcode of the strata property and the number of units and the PRONTO algorithm will assess and provide a conditional approval for the desired loan.”
Ultimately, it’s all about empowering strata owners and managers, Mr Morton highlighted.
“This new tool will empower them with the necessary information as fast as possible to help them make the right decision for their individual circumstances,” he said.