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master statement - lofty holding 15555 millard avenue llc.pdf

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Property15555 Millard Ave, Markham, IL 60428
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Updated2026-04-23
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Chicago Title and Trust Company 5215 Old Orchard, #400, Skokie, IL 60077 Phone: (847)677-3410 | Fax: (847)673-0645 MASTER STATEMENT Settlement Date: November 12, 2021 Disbursement Date: November 12, 2021 Escrow Number: 21GND131422SK Escrow Officer: Gosia Kulesza Email: Gosia.Kulesza@ctt.com Buyer: Lofty Holding 15555 Millard Avenue LLC 11718 Folkstone Ln Los Angeles, CA 90077 Seller: Altus IG Real Estate, LLC - Series 5 Property: 15555 Millard Ave Markham, IL 60428-3847 Parcel ID(s): 28-14-313-020-0000, 28-14-313-019-0000 SELLER $ DEBITS $ BUYER CREDITS $ DEBITS $ CREDITS FINANCIAL CONSIDERATION 143,000.00 Sale Price of Property 143,000.00 Deposit or earnest money Retained by Ira Piltz 1,500.00 PRORATIONS/ADJUSTMENTS 675.60 Rent Credit 675.60 3,175.80 County Taxes 01/01/21 to 11/12/21 3,175.80 3,197.97 County Taxes 01/01/21 to 11/12/21 3,197.97 TITLE & ESCROW CHARGES Title - CPL Fee to Buyer to Chicago Title Insurance Company 25.00 50.00 Title - CPL Fee to Seller to Chicago Title Insurance Company 500.00 Title - Escrow Fees to Chicago Title and Trust Company 500.00 Title - Recording Service Fee to Chicago Title Company, LLC 15.00 3.00 Title - State of Illinois Policy Registration Fee to Chicago Title Company, LLC Title - Wire Transfer Service Fee to Chicago Title and Trust Company 80.00 Title - Wire Transfer Service Fee for Payoff to Chicago Title and Trust Company 1,700.00 Title - Owner's Title Insurance to Ira I. Piltz / Chicago Title Company, LLC SE 32-06 - Homeowner's Inflation Protection (Residential) to Chicago Title Insurance Company 40.00 175.00 Policies to be issued: Owners Policy Coverage: $143,000.00 Premium: $1,700.00 Version: ALTA Owner's Policy 2006 GOVERNMENT CHARGES Recording Fees to 98.00 71.50 County Transfer Tax ($71.50) to MYDEC Cook County Transfer Stamps 143.00 State Transfer Tax to MYDEC Cook County Transfer Stamps PAYOFFS 44,532.19 Payoff of First Mortgage Loan to Servicing Loan Servicing LLC ($44,532.19) good til 11/24/21 Total Payoff MISCELLANEOUS CHARGES 4,290.00 Commission - Listing to Roofstock Realty LLC Page 1 of 2 (21GND131422SK/44) November 11, 2021 05:23 PM MASTER STATEMENT - Continued 58,419.06 143,000.00 Subtotals 143,853.00 Balance Due FROM Buyer 84,580.94 143,000.00 8,549.37 135,303.63 Balance Due TO Seller 143,000.00 TOTALS 143,853.00 143,853.00 I have carefully reviewed the Settlement Statement and to the best of my knowledge and belief, it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a copy of the Settlement Statement. BUYER: SELLER: Lofty Holding 15555 Millard Avenue LLC Altus IG Real Estate, LLC - Series 5 BY:________________________________ Jerry Chu BY:________________________________ Teresa Alberca property manager BY:________________________________ Ashley Sawdaye BY:________________________________ Kevin Dugan Signing Entity BY:________________________________ Max Ball To the best of my knowledge, the Settlement Statement which I have prepared is a true and accurate account of the funds which were received and have been or will be disbursed by the undersigned as part of the settlement of this transaction. ___________________________________ Chicago Title and Trust Company Settlement Agent Page 2 of 2 (21GND131422SK/44) November 11, 2021 05:23 PM DISCLOSURE STATEMENT CONTROLLED BUSINESS ARRANGEMENT (By a Producer of Title Insurance Business or Associate Thereof) This Disclosure is made to: (Check one or both) ¨ Seller/Owner ¨ Buyer Seller(s)/Owner(s) Altus IG Real Estate, LLC - Series 5 Buyer(s) Lofty Holding 15555 Millard Avenue LLC Regarding the Property located at: 15555 Millard Ave, Markham, IL 60428-3847 Title Insurance Company, Title Insurance Agent, and/or Escrow Agent:_________________________________ In connection with the property described above, the undersigned has recommended, or is about to recommend, the above named title insurance company, title agent, and/or escrow agent to the above named party(ies) to provide title insurance and/or escrow services. The undersigned producer has a financial interest in the above name company/business, or is an associate of the party or entity which has said financial interest and therefore, makes, or has made, the following estimate of the fees and charges that are known and which will be made in connection with the recommended title and/or escrow services. Only those charges which may be paid by the party(ies) to whom this disclosure is made, are (were) disclosed herein. If there are additional parties who choose to utilize services from the above name company/business, there may be additional charges for those services. *Owner's Title Policy: *Mortgage Title Policy: Escrow or Closing Fee: Other Fees:_______ Total Estimated Charges: $ $ $ $ $ 1,875.00 0.00 1,000.00 2,875.00 *These estimated figures include all charges/services such as title search, title examination, title insurance premiums, and final issuance of Policy(ies). These estimates may be revised if any unusual circumstances occur, unusual risks are "insured over", and/or lenders require special endorsements which extends their coverage. You are not required to use ________________________________________ as a condition for, settlement of your loan on, or purchase, sale, or refinance of, the subject property. There are frequently other settlement service providers available with similar services. You are free to shop around to determine that you are receiving the best services and the best rate for these services. Disclosure Statement HTML_ILD0227 / Updated (07.09.19) Page 1 Printed: 09.21.21 @ 10:41 AM by PG IL -CT -FCDE -01080.225403 -21GND131422SK DISCLOSURE STATEMENT CONTROLLED BUSINESS ARRANGEMENT (By a Producer of Title Insurance Business or Associate Thereof) (continued) The undersigned does hereby certify that the above disclosure was made to the above named party(ies) on _______________________________. IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set forth below. SIGNATURE OF PRODUCER: __________________________________ Signature _________________ Date By: ______________________________ Print Name Its: ______________________________ Print Name ACKNOWLEDGMENT I/We have read this disclosure form and understand that ________________________________________ (referring party) is referring me/us to purchase the above described settlement services from ________________________________________ (provider receiving referral) and may receive a financial or other benefit as a result of this referral. IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set forth below. BUYER(S): 11/11/2021 ____________________ Date Lofty Holding 15555 Millard Avenue LLC Jerrry Chu BY:________________________________ Jerry Chu Disclosure Statement HTML_ILD0227 / Updated (07.09.19) Page 2 Printed: 09.21.21 @ 10:41 AM by PG IL -CT -FCDE -01080.225403 -21GND131422SK DISCLOSURE STATEMENT CONTROLLED BUSINESS ARRANGEMENT (By a Producer of Title Insurance Business or Associate Thereof) (continued) SELLER(S): Altus IG Real Estate, LLC - Series 5 ____________________ Date BY:________________________________ Teresa Alberca property manager BY:________________________________ Kevin Dugan Signing Entity NOTE: PURSUANT TO SECTION 18.(b) OF THE TITLE INSURANCE ACT, THE TITLE INSURANCE COMPANY, INDEPENDENT ESCROWEE, OR TITLE INSURANCE AGENT SHALL MAINTAIN THIS DISCLOSURE FORM FOR A PERIOD OF THREE (3) YEARS. Disclosure Statement HTML_ILD0227 / Updated (07.09.19) Page 3 Printed: 09.21.21 @ 10:41 AM by PG IL -CT -FCDE -01080.225403 -21GND131422SK STATEMENT REQUIRED FOR THE ISSUANCE OF ALTA OWNERS AND LOAN POLICIES Commitment No.: 21GND131422SK Loan No.: To the best knowledge and belief of the undersigned, the following is hereby certified with respect to the land described in the above commitment. 1. That, except as noted at the end of this paragraph, within the last six (6) months (a) no labor, service or materials have been furnished to improve the land, or to rehabilitate, repair, refurbish, or remodel the building(s) situated on the land; (b) nor have any goods, chattels, machinery, apparatus or equipment been attached to the building(s) thereon, as fixtures; (c) nor have any contracts been let for the furnishing of labor, service, materials, machinery, apparatus or equipment which are to be completed subsequent to the date hereof; (d) nor have any notices of lien been received, except the following, if any: 2. There are no revolving credit mortgages, line of credit mortgages, home equity loan mortgages or other voluntary liens or mortgages affecting title, other than those shown on Schedule B of the Commitment, except the following, if any: 3. That all management fees, if any, are fully paid, except the following: 4. That there are no unrecorded security agreements, leases, financing statements, chattel mortgages or conditional sales agreements in respect to any appliances, equipment or chattels that have or are to become attached to the land or any improvements thereon as fixtures, except the following, if any: 5. That there are no unrecorded contracts or options to purchase the land, except the following, if any: 6. That there are no unrecorded leases, easements or other servitudes to which the land or building, or portions thereof, are subject, except the following, if any: 7. That, in the event the undersigned is a mortgagor in a mortgage to be insured under a loan policy to be issued pursuant to the above commitment, the mortgage and the principal obligations it secures are good and valid and free from all defenses; that any person purchasing the mortgage and the obligations it secures, or otherwise acquiring any interest therein, may do so in reliance upon the truth of the matters herein recited; and that this certification is made for the purpose of better enabling the holder or holders, from time to time, of the above mortgage and obligations to sell, pledge or otherwise dispose of the same freely at any time, and to insure the purchasers or pledges thereof against any defenses thereto by the mortgagor or the mortgagor's heirs, personal representative or assigns. The undersigned makes the above statement for the purpose of inducing Chicago Title Company, LLC to issue its owners or loan policy pursuant to the above commitment. IN WITNESS WHEREOF, the undersigned have executed this document on the date(s) set forth below. BUYER(S): SELLER(S): Lofty Holding 15555 Millard Avenue LLC Altus IG Real Estate, LLC - Series 5 BY:________________________________ Jerry Chu BY:________________________________ Teresa Alberca property manager BY:________________________________ Ashley Sawdaye BY:________________________________ Max Ball BY:________________________________ Kevin Dugan Signing Entity Subscribed and sworn to before me this ______ of _________________________, ______. Subscribed and sworn to before me this ______ of _________________________, ______. Notary Public Notary Public Statement Required For Issuance of ALTA ILD0012.doc / Updated: 04.05.21 Page 1 Printed: 11.11.21 @ 05:26 PM by IL-CT-FCDE-01080.225403-21GND131422SK STATEMENT REQUIRED FOR THE ISSUANCE OF ALTA OWNERS AND LOAN POLICIES (continued) LENDER’S DISBURSEMENT STATEMENT The undersigned hereby certifies that the proceeds of the loan secured by the mortgage to be insured under the loan policy to be issued pursuant to the above commitment were fully disbursed to or on the order of the mortgagor on . You are hereby authorized to date down the above commitment to cover the date of said disbursement. Print Company Name Signature Date By: Print Name Its: Print Title Statement Required For Issuance of ALTA ILD0012.doc / Updated: 04.05.21 Page 2 Printed: 11.11.21 @ 05:26 PM by IL-CT-F