← 6914 Polonia Ave, Cleveland, OH 44105 · All properties

UPDATES.md

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Property Updates ## 2026-03-10 - Property Update (03/10/2026): - Governance Results for 6914 Polonia Ave: - The Governance Voting results are back for the owner-proposed governance votes. - The first winning vote is: - Yes [authorize Earl Vanze Co to act as Authorized Representative on behalf of the DAO] - This voting option received 257/257 votes which is equal to 100% of the token votes. - The voting results can be found on chain [here](https://allo.info/application/3473011435) or by searchi

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# Property Updates

## 2026-03-10

- Property Update (03/10/2026):
- Governance Results for 6914 Polonia Ave:
- The Governance Voting results are back for the owner-proposed governance votes.
- The first winning vote is:
- Yes [authorize Earl Vanze Co to act as Authorized Representative on behalf of the DAO]
- This voting option received 257/257 votes which is equal to 100% of the token votes.
- The voting results can be found on chain [here](https://allo.info/application/3473011435) or by searching the application ID: 3473011435
- The second winning vote is:
- Yes [authorize 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 litigation and to authorize any action in the prospective litigation on behalf of the DAO. Such authorization will continue throughout the pendency of the litigation until resolution is reached by settlement, adjudication on the merits, or dismissal, unless otherwise terminated by a valid and enforceable vote of the DAO]
- This voting option received 257/257 votes which is equal to 100% of the token votes.
- The voting results can be found on chain [here](https://allo.info/application/3473012072) or by searching the application ID: 3473012072

## 2026-03-06

- Property Update (03/06/2026):
- Owner-Proposed Governance Vote for 6914 Polonia Ave:
- This Resolution of the members of Lofty Holding 6914 Polonia Avenue DAO LLC (the "Polonia 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 Polonia DAO with the authority to file the Prospective Lawsuit, but will not obligate or require the Polonia 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 Polonia DAO in connection with the Prospective Lawsuit, understanding that Lofty is willing to pay for those legal costs and expenses reasonably incurred by the Polonia 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 Polonia DAO and its members, and/or otherwise engaged in wrongful and/or illegal conduct with respect to 6914 Polonia Ave Cleveland, OH 44105 (“Polonia” or the “Property”) and the management thereof. More specifically, the conduct motivating this proposal includes, but is not limited to, the following:
- Yhome wrongfully withholding $64,268 in sale proceeds from investors.
- Yhome’s purchase of 62 Folcroft Ln using proceeds owed to investors, of which he wrongfully owns 100% of the property.
- 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 litigation and to authorize any action in the prospective litigation on behalf of the DAO. Such authorization will continue throughout the pendency of the litigation until resolution is reached by settlement, adjudication on the merits, or dismissal, unless otherwise terminated by a valid and enforceable vote of the DAO.
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, March 10th, once the voting period ends.

## 2025-08-12

- Property Update (08/12/2025):
- Governance Results for 6914 Polonia Ave:
- The Governance Voting results are back for the owner-proposed vote.
- The winning vote is:
- Require the deal to be undone and Cal return $37 to all token holders and allow him to wholly own Polonia and Folcroft to do whatever actions he deemed was necessary originally.
- This voting option was declared the winner with 186 token votes in Round 1 via the Ranked Choice Voting method.
- The voting results can be found on chain [here](https://allo.info/application/3169117707) or by searching the application ID: 3169117707

## 2025-08-05

- Property Update (08/05/2025):
- Governance Vote for 6914 Polonia Ave:
- An owner with the following [wallet address](https://allo.info/account/QDTN5SITNPO4AMXPTOAFJDE2NSOHGKQE4LUHD2MUEWBJKHEPAHYEYBO6VM) is proposing a governance vote.
- This owner holds 100 tokens in this property.
- The owner's 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.
- My Wallet Address: QDTN5SITNPO4AMXPTOAFJDE2NSOHGKQE4LUHD2MUEWBJKHEPAHYEYBO6VM
- Hello please see governance vote below for all Polonia Token holders:
- Our former PM Cal from Y Home has taken our funds without authorization through an illegal vote without 60% of owners voting to purchase a new property, and then purchased a property anyways, which was done for "individual owners" who voted to stay. Let me be clear, if you did not vote to buy the property, you were drug along and included anyways even though it was an "individual" vote. I am requesting a vote of the following options due to the illegal actions taken:
- 1) Require the deal to be undone and Cal return $37 to all token holders and allow him to wholly own Polonia and Folcroft to do whatever actions he deemed was necessary originally.
- 2) Vote to allow the deal to proceed as is but require Cal to return $50 per token holder at the offering in order to fully offset risk.
- 3) Vote to allow deal to proceed but use an independent appraiser for the deal selected by the DAO, and the rest of the terms remain unchanged
- 4) Vote to do nothing and allow original illegal carryout of the vote to stand and Folcroft Deal to proceed.
- The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, August 12th, once the voting period ends.

## 2025-07-27

- Property Update (07/27/2025):
- "Dear investors, the work is done, please do compare the projection and the actual as of now, by comparing the appraisal before and the after. the market has changed. Like I said before, I am unable to refinance the property and bring it to the market. For now we still have a new roof to install and we have no funds for it. Please review the pictures that show the work that was done. The plan was to bring this as a rent by the room padslip model etc with a possible gross of $3100. However, yhome lost his lender and the ability to effectively refinance related to investors indepently contacting my lender and causing some loans to be in default and affecting my credit and my finances."
- [View photos, appraisal, and more](https://www.dropbox.com/scl/fo/lwipbtrnkqro88bye3rqg/ALXJ53AqoW4a6bt1le-yVOc?rlkey=0xib0hzlee57owq80a4cv1u2g&st=562jbl5w&dl=0)

## 2025-04-21

- Property Update (04/21/2025):
- The property manager, Cal with Yhome Nursing LLC, provided the following update for owners regarding the new property launch, utilizing the proceeds from the sale of 6914 Polonia Ave:
- Dear Investors,
- As you are aware, Yhome has faced unwarranted attacks and false accusations. I want to affirm that, from the very beginning, Yhome has diligently worked to deliver exactly what was promised. All the allegations against us have been proven to be untrue. However, the actions taken by some have resulted in losses for Yhome, the DAO, and all involved parties.
- I respect your right to make your own decisions, just as I chose to invest on Lofty and accepted the challenge to assist with properties in Cleveland and Chicago. The results of those efforts speak for themselves (despite the accusations).
- I also want to inform you that the lender will not permit the transfer of titles for any properties. This outcome was a direct result of investors contacting the lender and making accusations. I have met with the lender, and it was made clear that all actions taken by Yhome were legally compliant.
- Nevertheless, I must deal with the consequences—both for myself, the DAO, and the platform. I encourage you not to fall for misinformation. Please request anyone submitting votes based on accusations to provide supporting proof.
- Regarding the Folcroft property: it is completed, with only cleaning and final touch-ups remaining. Our plan was to refinance and bring the property back onto the platform. However, as you can see, the lender has refused to do any refinancing. Meanwhile, some investors seem intent on damaging my contacts, credibility, and both my business and personal credit. Such actions will ultimately harm everyone involved.
- The property is finished, and I am doing my best to protect your investment. This update demonstrates that I have followed through on my commitments. The next steps may include selling the property or seeking a different lender. Please note that the roof is old and will need replacement.
- Thank you for your understanding and continued support.
- Additionally, Cal shared the [attached photos](https://drive.google.com/drive/folders/1cAOdKPti6I0iiZLCQ4IeAatzpxWFIMPd).

- Property Update (04/21/2025):
- The property manager, Cal with Yhome Nursing LLC, provided the following update for owners regarding the new property launch:
- "Hi Investors, The renovation is still going strong! Despite some minor delays, I wanted to keep you updated:
- All flooring is complete.
- Cabinets have been installed — we're just waiting on the countertops.
- We're currently finishing up the showers and are almost done.
- Overall, we're moving at a great pace. As expected, the final touches usually take a little longer, but we're getting close!
- I'll continue to keep you all updated as we progress. Thank you for your support!"
- Additionally, the property manager shared the [attached photos](https://www.dropbox.com/scl/fo/kwks9y0544j4q5eakiila/APMgPVSaMZ6VaU67yao0zFI?rlkey=2q8nqd6zqdn8g1dko5q6bbv23&st=6dm9u6mz&dl=0).

## 2025-04-14

- Property Update (04/14/2025):
- The property manager, Cal with Yhome Nursing LLC, provided the following update for owners regarding the new property launch:
- "I am hoping to be done end of next month provided that everything goes well."

## 2025-02-05

- Property Update (02/05/2025):
- The property manager, Cal with Yhome Nursing LLC, provided the following update for owners:
- Dear Investors,
- I am pleased to announce that the property located at 6914 Polonia Ave has successfully sold for the asking price, achieving $37 per token after all final bills were settled. Prior to our involvement, this property remained on the market for 143 days. Once Yhome took over, we revitalized the property, which was originally purchased for $100,000 according to Lofty’s records, and sold it for $130,000 ( instead of 67k as is). As promised, we did not incur a loss on this sale.
- We are now moving forward with the Folcroft project. All token holders will have the opportunity to invest in the new property at $40 per token instead of $50, as the related purchase fees will be sent directly to the owners at launch.
- We will continue to provide regular updates regarding the launch of the Folcroft property.
- Please see the attached documents:
- [Purchase Contract](https://www.dropbox.com/scl/fi/8de8b3rlt04m0sra8hq1u/AS-IS-Residential-Contract-for-Sale-and-Purchase-FloridaRealtorsFloridaBar-ASIS-6-1-1.pdf?rlkey=7rx1wfe7cqgutctotankmad0u&e=1&st=2pu6nqd0&dl=0)
- [Renovation Budget & Breakdown](https://www.dropbox.com/scl/fi/3h6a