← 49 Bannbury Ln, Palm Coast, FL 32137 · All properties

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2026-07-14 - Property Update (07/14/2026): Hi everyone, This month's update includes the current reviewed financial summary from the guarded monthly workflow. Financial summary from FINANCIALS.md: Financial data is shown as of 2026-06. ## Cash Flow Snapshot (2026-06) Revenue: $0.00 Operating Expenses: -$164.90 NOI: -$164.90 Net Operating Cashflow: -$164.90 ## Monthly Cash Position (2026-06) Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current com

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## 2026-07-14

- Property Update (07/14/2026):
Hi everyone,

This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

Financial data is shown as of 2026-06.

## Cash Flow Snapshot (2026-06)

Revenue: $0.00
Operating Expenses: -$164.90
NOI: -$164.90
Net Operating Cashflow: -$164.90

## Monthly Cash Position (2026-06)

Revenue and operating expenses are scoped to the reporting month. ECO Operating Cash is the current complete DAO-attributed total of Column E across every row in the property-split ECO Systems GL, including accruals.

Lofty Operating Cash: $250.05 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$8,236.17 (ECO Systems General Ledger Column E (18 rows))

# Property Updates

## 2026-07-12

- Property Update (07/12/2026):
Hi everyone,

This month's update includes the current reviewed financial summary from the guarded monthly workflow.

Financial summary from FINANCIALS.md:

## Cash Flow Snapshot (2026-06)

| Metric | Amount |
|---|---:|
| Revenue | $0.00 |
| Operating Expenses | $0.00 |
| NOI | $0.00 |
| Net Operating Cashflow | $0.00 |

## Monthly Cash Position (2026-06)

Amounts are shown as of 2026-06. ECO Operating Cash is the complete DAO-attributed ECO Systems GL Column E balance through the as-of month, including accruals; it is not limited to ECO Systems LLC bank cash.

| Metric | Amount | Source |
|---|---:|---|
| Lofty Operating Cash | $250.05 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | $1,826.33 | ECO Systems General Ledger Column E (16 rows) |

## Source Evidence

| Field | Value |
|---|---|
| Source month | 2026-06 |
| ECO GL source | `Public/07 - P&L & Owner Statements/ECO Systems General Ledger - 49 Bannbury Ln.csv` |
| Source-month dated rows | 0 |
| Revenue bucket count | 0 |
| Operating expense bucket count | 0 |
| ECO GL Column E rows | 16 |
| ECO GL Column E sum | $1,826.33 |

Financial summary:
- Lofty-held current maintenance reserve: $250.05
- ECO GL Column E sum: $1,826.33 (16 rows)

## 2026-07-02

- Property Update (07/02/2026):
This month's update is limited to verified cash-position data from Lofty and ECO records. No tenant ledger rows are included.

Financial summary:
- Lofty-held current maintenance reserve: $300.05
- ECO GL Column E sum: $1,826.33 (16 rows)

## 2026-07-02

- Property Update (07/02/2026):
Hi everyone,

This month's update is limited to verified cash-position data from Lofty and ECO records. No tenant ledger rows are included.

Financial summary:
- Lofty-held current maintenance reserve: $300.05
- ECO GL Column E sum: $1,826.33 (16 rows)

## 2026-06-27

- Property Update (06/27/2026):
Hi everyone,

Quick update on **49 Bannbury Ln, Palm Coast, FL 32137**:

- We are issuing a proactive owner communication to keep update cadence consistent.
- Property operations and file review are in progress.
- A fuller operational/financial update will follow after manager file reconciliation.

**What to expect next**
- Current operations snapshot
- Any material leasing/maintenance/compliance items
- Financial/reconciliation notes (if applicable)
- Next expected update timing

Financial summary:
- Lofty-held current maintenance reserve: $300.05
- ECO GL Column E sum: $1,826.33 (16 rows)

- We are issuing a proactive owner communication to keep update cadence consistent.
- Property operations and file review are in progress.
- A fuller operational/financial update will follow after manager file reconciliation.

## 2026-06-27

- Property Update (06/27/2026):
Financial summary:
- Lofty-held current maintenance reserve: $300.05
- ECO GL Column E sum: $1,826.33 (16 rows)
- **Property Update (2026-04-08):**

    April 2026 Property Update:

    | Field | Value |
    |-------|-------|
    | ECO Operating Cash | $295.43 |
    | Lofty Operating Cash (Maintenance Reserve) | $312.55 |
    | Monthly Rent | $1,850.00 |
    | Total Investment | $360,850.00 |
    | DAO Net Cash | *(calculated)* |
    | Estimated Owners' Equity | *(from Lofty)* |
    | NAV/Token | *(calculated)* |

    ECO Operating Cash: Currently at $295.43 per ECO General Ledger (as of April 8, 2026).

    Recent Transactions:
    - Apr 6: $-285.30 Hemlane rent payment
    - Apr 3: $285.30 STRIPE rental income
    - Mar 10: $-1,425.11 Holly Hill Funding interest payment
    - Mar 2: $1,665.00 + $1,035.00 STRIPE rental income

    Mortgage: Holly Hill Funding LLC. Interest payments ongoing. Loan terms being reviewed for refinance options.

    Tenant Status: Tenant onboarded to Hemlane. Prior eviction issues resolved.

    Refinance: Exploring refinance options to optimize loan terms.

    Litigation: DAO authorized to file civil lawsuit against Yhome/Calixte Duffaut. [View on-chain](https://allo.info/application/3341027759)

    [ECO General Ledger](https://www.dropbox.com/scl/fi/example/ECO-Systems-General-Ledger-49-Bannbury-Ln.csv)

## 2026-01-06

- Property Update (01/06/2026):
- The tenant has been provided with a new lease by Earl on behalf of the Cherry LFTY0412 DAO LLC, and is being onboarded onto Hemlane.
- He has paid December rent in escrow with the court house due to Cal's improperly executed self-help eviction attempt and multiple lease violations.
- Earl is working with the tenant to bring them current on January rent and secure possession of December rent from escrow on behalf of investors.
- Whalec Property Management is owed $3,717.69 for 3 months of mortgage interest payments last August to bring the mortgage current.
- The current state of the mortgage is unknown, but Cal claims it is current at the moment.
- If the DAO were to take over interest-only payments until the balloon due on June 1st, 2028, the estimated Annual NOI is -$1,549.45.
- This is a net *loss * of $129 per month at current rents.
- Distributions are not expected until outstanding liabilities are settled, the property is re-stabilized, and the loan is refinanced to a more favorable monthly payment.
- Owners are invited to volunteer to lend their >720 FICO to obtain a non-recourse or DSCR loan and refinance the loan out of Yhome with better rates than the current 5% (good luck), submit a proposal for a capital call ≥$10k to pay back Whalec and provide working capital for mortgage, taxes, and insurance payments, and/or decide to list the property for sale and recover funds owed from Cal by burning part or all of his current ~23% share in the equity.

## 2026-01-06

- Property Update (01/06/2026):
- The tenant has been provided with a new lease by Earl on behalf of the Cherry LFTY0412 DAO LLC, and is being onboarded onto Hemlane.
    - He has paid December rent in escrow with the court house due to Cal's improperly executed self-help eviction attempt and multiple lease violations.
    - Earl is working with the tenant to bring them current on January rent and secure possession of December rent from escrow on behalf of investors.
    - Whalec Property Management is owed $3,717.69 for 3 months of mortgage interest payments last August to bring the mortgage current.
    - The current state of the mortgage is unknown, but Cal claims it is current at the moment.
    - If the DAO were to take over interest-only payments until the balloon due on June 1st, 2028, the estimated Annual NOI is -$1,549.45.
    - This is a net *loss * of $129 per month at current rents.
    - Distributions are not expected until outstanding liabilities are settled, the property is re-stabilized, and the loan is refinanced to a more favorable monthly payment.
    - Owners are invited to volunteer to lend their >720 FICO to obtain a non-recourse or DSCR loan and refinance the loan out of Yhome with better rates than the current 5% (good luck), submit a proposal for a capital call ≥$10k to pay back Whalec and provide working capital for mortgage, taxes, and insurance payments, and/or decide to list the property for sale and recover funds owed from Cal by burning part or all of his current ~23% share in the equity.

## 2025-11-25

- Property Update (11/25/2025):
- Governance Results for 49 Bannbury Ln:
- The Governance Voting results are back for the owner-proposed votes.
- The winning vote is:
- Yes [Approve proposal]
- This was voted on by 27 participants in total. Out of the total number of participants, 26 voted for the winning vote, totaling 89.79% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculations as opposed to the default of 1 token equals 1 vote.
- The voting results can be found on chain [here](https://allo.info/application/3341027759) or by searching the application ID: 3341027759
- The winning vote is:
- Yes [Approve proposal]
- This was voted on by 27 participants in total. Out of the total number of participants, 26 voted for the winning vote, totaling 89.79% of the voting power. This is a co-ownership property, which means the governance mechanism used the scaled governance calculations as opposed to the default of 1 token equals 1 vote.
- The voting results can be found on chain [here](https://allo.info/application/3341029363) or by searching the application ID: 3341029363

## 2025-11-21

- Property Update (11/21/2025):
- Owner-Proposed Governance Vote for 49 Bannbury Ln:
- The elected authorized representative of the DAO, Earl Co, is proposing a governance vote.
- Their reasoning is below, word-for-word:
- *Because this is an owner proposed vote, Lofty cannot change the content. It’s up to owners to verify the accuracy of the claims below.
- This Resolution of the members of CHERRY LFTY0412 DAO LLC (the "Bannbury DAO" or "DAO") seeks authorization for Earl Vanze Co acting as Authorized Representative on behalf of the DAO to approve filing a civil lawsuit against Yhome Nursing LLC and/or Calixte Duffaut (the “Prospective Lawsuit”). If approved, this proposal will provide the Bannbury DAO with the authority to file the Prospective Lawsuit, but will not obligate or require the Bannbury DAO to actually file the Prospective Lawsuit. Litigation mechanics and strategy will be finalized at a later date, subject to the advice and recommendation of counsel.
- If approved, this proposal authorizes Lofty to identify counsel to represent the Bannbury DAO in connection with the Prospective Lawsuit, understanding that Lofty is willing to pay for those legal costs and expenses reasonably incurred by the Bannbury DAO in connection with the Prospective Lawsuit.
- This proposal is being submitted based upon information and belief that Yhome Nursing LLC and/or Calixte Duffaut (collectively, “Yhome”) breached their agreement(s) with the Bannbury DAO and its members, and/or otherwise engaged in wrongful and/or illegal conduct with respect to 49 Bannbury Lane, Palm Coast, FL 32137 (“Bannbury” or the “Property”) and the management thereof. More specifically, the conduct motivating this proposal includes, but is not limited to, the following:
- Yhome’s false confirmation that it had obtained the consent of the Property’s mortgagee prior to listing the Property on Lofty.
- Yhome’s delay in transitioning out of the property management role.
- Yhome’s misrepresentations to the Bannbury DAO about Bannbury’s property manager and “repairs” Yhome purportedly made to the Property.
- Yhome’s withholding of rents and other income duly owed to the Bannbury DAO that were (and are being) generated by the Property.
- Mr. Duffaut’s trespass on the Property during which he damaged the Property by, among other things, removing door locks and security cameras.
- If approved, this proposal authorizes Earl Vanze Co to serve as the single point of contact for the DAO and liaison to legal counsel on behalf of the DAO, and further authorizes Earl Vanze Co to receive any and all litigation updates from legal counsel on behalf of the DAO, and to make any decisions with respect to the prospective l