Feature
Your borrowing capacity, on the dashboard all year. Financing only beside the alternatives.
Prequalification from the ledger, a lender file that is always current, a marketplace of partner lenders who bid on a standard file, a small purpose-bound draw line for emergencies, hybrid opt-in assessments, and servicing that allocates interest to the right fund.
Board reality
Why this is hard for a volunteer board
The roof costs more than the reserve has. The board learns what a lender needs after the third meeting with the bank, and the special assessment goes to a vote without anyone able to say what the loan would have cost per unit.
The mechanism
How the butler handles it
- Step 1
Capacity is visible before you need it
Indicative capacity, indicative rate and the factors constraining them, which can legitimately be zero, are computed from your reserve study, arrears, insurance and statements and shown on the dashboard. - Step 2
Lenders bid on a file that is already built
When the board wants to look, the credit file is assembled and partner lenders bid on it. The comparison your board votes on shows the loan beside a fee increase and a special assessment with the total cost of each, and our fee in dollars. - Step 3
After the vote, the instrument and the draws
Borrowing bylaw drafted from a template, owner notice and vote at the right threshold, lender conditions, legal opinion, e-signature, funding, draws against the consultant's certificate, and a servicing sub-ledger.
Record output
What it produces
The prequalification tile, the credit file, the marketplace and its bids.
The mandatory no-debt comparison, borrowing authorisations, facilities and draws.
The per-unit hybrid assessment engine: elections with a deadline, per-unit amortisation, payoff quotes, treatment on sale, and reconciliation of one corporate payment to every unit sub-ledger.
Covenant monitoring, lender reporting, and refinance and prepayment analysis.
Rules pack
Ontario and Florida
Each jurisdiction is a rules pack, and the citation travels with the obligation.
The authorisation your jurisdiction requires is a rules-pack obligation with its own notice period and threshold, so the vote is scheduled from the calendar rather than remembered.
Board questions
Questions boards ask
Is Board Butler the lender?
No. Partner lenders fund. We originate the file and are paid by the lender, and the dollar amount is shown to the board before the vote.
Will the software push us to borrow?
Never. There is no default-selected loan, no urgency language, and no lending prompt inside a compliance or fraud alert. These are tested rules, not preferences.
What if our capacity is zero?
The tile says so and names the reasons, such as a stale reserve study or an arrears rate above the lender's covenant.
Set your corporation up this afternoon
Prequalification from the ledger, a lender file that is always current, a marketplace of partner lenders who bid on a standard file, a small purpose-bound draw line for emergencies, hybrid opt-in assessments, and servicing that allocates interest to the right fund.