← 122 Florida Park Dr, Palm Coast, FL 32137 · All properties
Beneficial Interest Resolution for 122 Florida Park Drive.docx
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| Property | 122 Florida Park Dr, Palm Coast, FL 32137 |
|---|---|
| Folder | LLC Documents |
| Kind | Office |
| Updated | 2026-05-30 |
| Dropbox path | 03 - LLC Documents/Beneficial Interest Resolution for 122 Florida Park Drive.docx |
What This File Appears To Be
Fellow owners, Thank you for your trust in allowing me to serve you and restore beneficial interest of 122 Florida Park Drive to Goose LFTY0320 DAO LLC (the “Florida Park DAO” or “DAO”). A tentative mutual agreement has been reached to restore beneficial interest to the DAO while maintaining the refinanced loan without triggering due on sale with the lender. The structure will be multiple layers wherein EquityHoldingCorp.com will create a title-holding trust whose initial 100% beneficiary will
Text Preview
Fellow owners, Thank you for your trust in allowing me to serve you and restore beneficial interest of 122 Florida Park Drive to Goose LFTY0320 DAO LLC (the “Florida Park DAO” or “DAO”). A tentative mutual agreement has been reached to restore beneficial interest to the DAO while maintaining the refinanced loan without triggering due on sale with the lender. The structure will be multiple layers wherein EquityHoldingCorp.com will create a title-holding trust whose initial 100% beneficiary will be Yhome Nursing LLC (“ Yhome ”). Separately and concurrently, 89.33% of the beneficial interest shall be assigned to the DAO via separate Assignment of Beneficial Interest and Beneficiary Agreement between Yhome and the DAO, reflecting shares originally sold by Yhome . Trust formation will cost no more than $2,000 – $3,500, to be paid by Yhome . Rent collection and DAO treasury management will transfer to Earl via Hemlane , and neither Calixte Duffaut nor Y home shall handle or custody DAO funds. PITI, solar, and roof loans will be paid out of the rents, resulting in a monthly cashflow of $77 that will be kept in reserve. Tenant is responsible for utilities and most repairs. No property ma