β 2337 Greenvale Rd, Cleveland, OH 44121 Β· All properties
Lending Authorization and PM Fee Structure - 2337 Greenvale Rd, Cleveland, OH 44121.docx
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| Property | 2337 Greenvale Rd, Cleveland, OH 44121 |
|---|---|
| Folder | Loan Documents |
| Kind | Office |
| Updated | 2026-05-30 |
| Dropbox path | 04 - Loan Documents/Lending Authorization and PM Fee Structure - 2337 Greenvale Rd, Cleveland, OH 44121.docx |
What This File Appears To Be
Governance Proposal β 2337 Greenvale Rd, Cleveland, OH 44121 Property: 2337 Greenvale Rd, Cleveland, OH 44121 Parcel #: 117-38-029 Units: 1/1 occupied π Financial Snapshot Yhome Total Due to DAO: $3,072.16 Aligned Property Reserve: $750.00 Balance Due to Evernest : $4,188.80 OR Balance Due: ($5,929.42) β probably includes Evernest balance, ask Lofty ECO Operating Cash: $3,394.96 DAO Net Cash: $537.70 Estimated Net Asset Value: $53.92/share Taxes and insurance are paid and current π Proposal 1 β
Text Preview
Governance Proposal β 2337 Greenvale Rd, Cleveland, OH 44121 Property: 2337 Greenvale Rd, Cleveland, OH 44121 Parcel #: 117-38-029 Units: 1/1 occupied π Financial Snapshot Yhome Total Due to DAO: $3,072.16 Aligned Property Reserve: $750.00 Balance Due to Evernest : $4,188.80 OR Balance Due: ($5,929.42) β probably includes Evernest balance, ask Lofty ECO Operating Cash: $3,394.96 DAO Net Cash: $537.70 Estimated Net Asset Value: $53.92/share Taxes and insurance are paid and current π Proposal 1 β Lending Authorization Authorize the DAO to lend $ 3 , 1 00 (rounded from Yhome balance due) through the E.A.R.L.D.A.O. framework at 12% annual interest , structured as interest-only with balloon repayment. These funds are currently withheld by Yhome Nursing LLC c/o Calixte Duffaut and were likely used to fund repairs on other DAO properties. Approval of this proposal authorizes the Ecosystems Asset Recovery Lending DAO LLC to demand funds from Yhome Nursing LLC on behalf of Lofty Holding 2337 Greenvale Road DAO LLC. π Proposal 2 β PM Fee Structure Until a Local Agent in Charge (LAIC) can be secured in Cleveland for Hemlane, property management will remain under ECO w/ Aligned as Sub-PM with the following structure: PM Fee: 15% of Gross Monthly Rent (GMR) β split as 10% to Aligned, 5% to ECO Leasing Fee: 1 full monthβs rent Repairs & Maintenance Margin: 10% Once a LAIC is secured and the DAO transitions to Hemlane , PM fees will adjust as follows: PM Fee: 10% of GMR to ECO Systems LLC Leasing Fee: $695 or 50% of one monthβs rent (whichever is greater) Repairs & Maintenance Margin: None Perpetual Reserve Contribution: 5% of GMR automatically contributed to DAO Reserve s β Voting Options Proposal 1 β Lending Authorization 1. Approve lending $ 3 , 1 00 at 12% APR via EARLDAO 2. Reject lending; demand immediate payment from Calixte Duffaut payable directly to the DAO. Authorize PM to file via small claims court if necessary. Proposal 2 β PM Fee Structure 1. Keep PM fee at 15% until LAIC secured, then reduce to 10% + 5% OR contribution under Hemlane 2. Reject; PM fee structure remains at 10% to Aligned , 0% to ECO Systems LLC