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20260411-170800-12028-wade-park-sale-summary - 12028 Wade Park Ave, Cleveland, OH 44106.md

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12028 Wade Park Ave, Cleveland OH 44106 ## Sale Financial Summary & DAO Governance Proposal **Prepared by Atlas Relay 📡 · 2026-04-02** **Property: LFTY0084 · 4,442 tokens outstanding** --- ## 1. SALE SCENARIO · Parameter · Value · · --- · --- · · Proposed Purchase Price · $120,000 · · Broker Fee + Closing Costs (6%) · $7,200 · · ECO Transaction Coordination Fee (1.5%) · $1,800 · · **Total Closing Costs** · **$9,000** · · **Net Proceeds Before Debt** · **$111,000** · --- ## 2. OUTSTANDING OBLIGATIO

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# 12028 Wade Park Ave, Cleveland OH 44106
## Sale Financial Summary & DAO Governance Proposal
**Prepared by Atlas Relay 📡 | 2026-04-02**  
**Property: LFTY0084 | 4,442 tokens outstanding**

---

## 1. SALE SCENARIO

| Parameter | Value |
|---|---|
| Proposed Purchase Price | $120,000 |
| Broker Fee + Closing Costs (6%) | $7,200 |
| ECO Transaction Coordination Fee (1.5%) | $1,800 |
| **Total Closing Costs** | **$9,000** |
| **Net Proceeds Before Debt** | **$111,000** |

---

## 2. OUTSTANDING OBLIGATIONS AT CLOSING

| Obligation | Amount | Source | Status |
|---|---|---|---|
| EARLDAO Loan — Principal | $8,749.54 | ECO GL, Cash Balance Rpt (2026-03-18) | Live |
| EARLDAO Loan — Accrued Interest | $411.01 | 12% APR × ~214 days | Accrued to ~Apr 2, 2026 |
| Cuyahoga County Taxes | **⚠️ $2,341.26** | Reconciliation X4 | **Verify live balance with county** |
| Insurance Due | $277.74 | Reconciliation Y4 | |
| **Total Obligations** | **$11,779.55** | | |

> ⚠️ **ACTION REQUIRED:** County tax balance ($2,341.26) is the last-known figure from the Yhome Transition Reconciliation. Confirm current balance with Cuyahoga County Treasurer before closing — amounts may have changed.

---

## 3. CAPITAL STACK

| Component | Amount |
|---|---|
| Owners' Equity | $177,953.00 |
| DAO Net Cash (updated) | -$36,191.95 |
| Less: EARLDAO Loan + Interest | -$9,160.55 |
| Less: Taxes + Insurance | -$2,618.00 |
| **Net Distributable** | **$129,982.50** |

**Revised NAV/share: $29.26** (vs. $32.53 at last reconciliation | vs. $31.91 live NAV)

---

## 4. PER-TOKEN METRICS @ $120K PP

| | Amount |
|---|---|
| Gross proceeds per token | $27.01 |
| **Net distributable per token** | **$22.34** |
| vs. Last live NAV ($31.91) | **-$9.57** |
| vs. Reconciliation NAV ($32.53) | **-$10.19** |

---

## 5. REVISED NAV BRIDGE (Reconciliation → Live → Sale Scenario)

| Step | NAV/share | Δ |
|---|---|---|
| Yhome Transition Reconciliation | $32.53 | — |
| + Lofty OR update (-$4,172.90 → -$5,952.14) | $32.31 | -$0.21 |
| + ECO GL update (-$7,811.24 → -$8,749.54) | $31.91 | -$0.40 |
| **At $120k PP (net distributable basis)** | **$22.34** | **-$9.57** |

---

## 6. DRAFT DAO PROPOSAL

### Title: Approve MLS Sale of 12028 Wade Park Ave, Cleveland OH at $120,000

**Preamble:**  
The property at 12028 Wade Park Ave, Cleveland OH 44106 (LFTY0084) is currently listed for sale. This proposal seeks tokenholder authorization to proceed with an MLS sale at a purchase price of **$120,000**, subject to the terms and obligations outlined below.

---

### Section A — Transaction Terms

- **Purchase Price:** $120,000
- **Broker/Closing Costs (6%):** $7,200 — paid at closing
- **ECO Transaction Coordination Fee (1.5%):** $1,800 — paid at closing
- **Net Proceeds Before Debt:** $111,000

---

### Section B — Outstanding Obligations to be Settled at Closing

The following obligations must be paid from gross sale proceeds at or before closing:

1. **EARLDAO Loan — Principal:** $8,749.54  
   _Source: ECO Systems General Ledger (as of 2026-03-18)_

2. **EARLDAO Loan — Accrued Interest:** $411.01  
   _12% APR simple interest; ~214 days accrued through approximately 2026-04-02_

3. **Cuyahoga County Taxes:** ~$2,341.26  
   ⚠️ _Flag: Last-known balance from Yhome Transition Reconciliation (2026-03-18). PM to verify current balance with Cuyahoga County Treasurer prior to closing and update DAO with verified figure._

4. **Insurance:** $277.74  
   _Source: Yhome Transition Reconciliation_

**Total Estimated Obligations: $11,779.55**

---

### Section C — Proposed Distribution

**Net Distributable to Tokenholders:** $99,220.45

- Distributed pro-rata to all tokenholders based on tokens held
- Per 1,000 tokens: ~$22.34
- Actual distribution per token subject to final closing figures

---

### Section D — Key Risks & Open Items

| Item | Risk | Action |
|---|---|---|
| County tax balance | May differ from $2,341.26 if paid/reassessed since reconciliation | PM to pull live county tax balance |
| Insurance payoff | Balance may have changed if premium payments made | PM to confirm current balance |
| Operating Reserve deficit | Current Lofty OR: -$5,952.14 (vs. $10,000 target) | Non-cash accrual; already reflected in DAO Net Cash |
| ECO GL cash deficit | Current ECO Operating Cash: -$8,749.54 | Non-cash accrual; already reflected in DAO Net Cash |

---

### Section E — Voting

This proposal requires a **Supermajority (60%+)** of token votes to pass, per Lofty DAO governance procedures.

**Voting Options:**

- ✅ **YES** — Approve the sale of 12028 Wade Park Ave at $120,000 with terms as described above
- ❌ **NO** — Do not approve the sale at this time

---

### Section F — Next Steps (if passed)

1. PM to verify live county tax balance and confirm insurance payoff amount
2. PM to initiate listing agreement with broker
3. PM to coordinate with EARLDAO for loan payoff confirmation at closing
4. PM to confirm final distribution per token with updated figures
5. Closing to be scheduled; distribution to tokenholders within 5 business days of closing proceeds receipt

---

**Prepared by:** Atlas Relay 📡  
**Data sources:** Yhome Transition Reconciliation.xlsx (Row 4) · ECO Systems General Ledger · Cash Balance & EARLDAO Interest Report (2026-03-18) · LoftyAssist `curr_maintenance_reserve`