← 85-104 Alawa Pl, Waianae, HI 96792 · All properties
UPDATES.md

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Property	85-104 Alawa Pl, Waianae, HI 96792
Folder	README & Property Snapshot
Kind	Text
Updated	2026-07-16
Dropbox path	`00 - README & Property Snapshot/UPDATES.md`
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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: $2,000.73
Operating Expenses: -$5,553.68
NOI: -$3,552.95
Net Operating Cashflow: -$4,585.08

## 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: $430.59 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$12,001.79 (ECO Systems General Ledger Column E (289 rows))

## 2026-07-14


- Property Update (07/14/2026):
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: $2,000.73
Operating Expenses: -$5,553.68
NOI: -$3,552.95
Net Operating Cashflow: -$4,585.08

## 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: $430.59 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$12,001.79 (ECO Systems General Ledger Column E (289 rows))

Financial summary:
- Lofty-held current maintenance reserve: $430.59
- ECO GL Column E sum: $3,442.50 (303 rows)
- 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: $2,000.73
Operating Expenses: -$5,553.68
NOI: -$3,552.95
Net Operating Cashflow: -$4,585.08

## 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: $430.59 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$12,001.79 (ECO Systems General Ledger Column E (289 rows))

<!-- NY_HI_ACCRUAL_RECONCILIATION_START -->
## Accrual Funding Reconciliation (2026-07-15)

The ECO GL begins `2025-02-01`, the first day of the month before the first token sale on `2025-03-14`. Earlier rows are excluded from this DAO's GL.

- ECO GL Column E accounting position: **$3,442.50**.
- Open accrual requirement: **$2,705.03** (legal dao payable $62.50, pm payable $2,642.53).
- Other accounts payable / receivable: **$8,098.13 AP** and **$443.72 AR**.
- Live unrestricted DAO bank cash: **$3,959.42**.
- Restricted cash excluded from ordinary funding: **$0.00**.
- Bank funding gap after net AR/AP: **$6,400.02 underfunded**; surplus **$0.00**.
- 2026 retained-capital model: retained $0.00; ECO principal/interest debt $4,970.11.

Column E is the accounting/CF-close position, not current bank cash. Month-end reset and capital-close rows remain in Column E but are non-cash and are excluded from every inter-DAO transfer and bank-underfunding calculation. A positive Column E balance therefore does not by itself mean the bank has enough cash to pay open accruals.

Current net cash schedule affecting this DAO:
  - Pay ECO Systems LLC: $7,265.19 (funding required before full transfer)
  - Pay Earl Co (personal Chase checking ...0000): $3,500.00 (funding required before full transfer)
  - Receive from Heron LFTY0314 DAO LLC: $443.72
  - Pay LOFTY HOLDING 5541 S PEORIA STREET DAO LLC: $37.97 (funding required before full transfer)

Taxes, insurance, and escrow accruals are reserve requirements rather than immediate external payment instructions. Transfers marked funding required should not be executed in full until the incoming reimbursements, reserve top-up, or approved financing is available.
<!-- NY_HI_ACCRUAL_RECONCILIATION_END -->
## 2026-07-14


- Property Update (07/14/2026):
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: $2,000.73
Operating Expenses: -$5,553.68
NOI: -$3,552.95
Net Operating Cashflow: -$4,585.08

## 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: $430.59 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$12,001.79 (ECO Systems General Ledger Column E (289 rows))

Financial summary:
- Lofty-held current maintenance reserve: $430.59
- ECO GL Column E sum: $3,442.50 (302 rows)
- 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: $2,000.73
Operating Expenses: -$5,553.68
NOI: -$3,552.95
Net Operating Cashflow: -$4,585.08

## 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: $430.59 (Lofty curr_maintenance_reserve)
ECO Operating Cash: -$12,001.79 (ECO Systems General Ledger Column E (289 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 | $430.59 | Lofty `curr_maintenance_reserve` |
| ECO Operating Cash | $22,559.21 | ECO Systems General Ledger Column E (298 rows) |

## Source Evidence

| Field | Value |
|---|---|
| Source month | 2026-06 |
| ECO GL source | `[local-path]/Users/digit/Dropbox/Real Estate/HI/85-104 Alawa Pl Public/07 - P&L & Owner Statements/ECO Systems General Ledger - 85-104 Alawa Pl.csv` |
| Source-month dated rows | 0 |
| Revenue bucket count | 0 |
| Operating expense bucket count | 0 |
| ECO GL Column E rows | 298 |
| ECO GL Column E sum | $22,559.21 |

Financial summary:
- Lofty-held current maintenance reserve: $430.59
- ECO GL Column E sum: $22,559.21 (298 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: $680.59
- ECO GL Column E sum: $26,559.39 (296 rows)

- **Property Update (01/02/2026)**
    - Owner-proposed Governance Results for 85-104 Alawa Pl:
    - The governance results are back for the owner-proposed governance vote.
    - The winning vote is:
    - Accept the loan terms and proceed to carry the loan to maturity.
    - This voting option received 74% of the voting power in Round 1. 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/3389528061) or by searching the application ID: 3389528061

- **Property Update (12/28/2025)**
    - Owner-Proposed Governance Vote for 85-104 Alawa Pl:
    - An owner with the following [wallet address](https://allo.info/account/QLHXVHCNIZMCESQ4XNWXQCNXRVAB7GWQZNXCYQSSU7LDAEOLYPG4AHERPQ) is proposing a governance vote.
    - This owner holds 78 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.
    - On October 6, 2025, I (KD) secured a personal loan through a hard credit inquiry to enable the contractor to commence work immediately, including re-routing oil lines to accommodate the current appliance and new tank layout. Additional costs may be anticipated and will be billed later. The proposed loan to the DAO amounted to $5,540 (at origination, 10/6/2025), incorporating an approximate 3% origination fee as payment for the associated hard inquiry/ settlement on my personal credit. This loan carries a 17.9% interest rate over a 3-year amortization period, requiring approximately $200 in monthly payments, with 50% of the principal due by the 19th month to avoid a balloon payment. This represents a modest spread from the personal loan rate of 16.9%. As a long-term stakeholder in the property, actively contributing to mortgage payments, my incentives align with ensuring its success and continued rental viability. The purpose of this governance vote is to formalize the loan, allow the DAO to determine how this will be repayment and thereby sustaining the property's ability to generate rental income. The terms of the loan are provided in the attached [Document](https://www.dropbox.com/scl/fi/88uhml09mid17r8two909/Alawa-Sewer-PROMISSORY-NOTE.docx?rlkey=ar3x4qh8xd1f35toq7eyvpwab&st=tos869qw&dl=0) and questions can be answered in the appropriate discord channel.
    - The proposed voting options are as follows:
    - Accept the loan terms and proceed to carry the loan to maturity.
    - Request the ULD to refinance the loan, with a fallback to the second-placed option if unsuccessful.
    - Have a DAO member back and refinance the loan.
    - The winning vote will be determined by a Supermajority of 60%+ and the results will be sent to owners on Tuesday, December 30th, once the voting period ends.

- **Property Update (08/26/2025)**
    - Owner-proposed Governance Results for 85-104 Alawa Pl:
    - The governance results are back for the owner-proposed governance votes.
    - The winning vote is:
    - Option 3: DAO-Member backed Capital Call
    - This voting option received 63% of the voting power in Round 1. This is a co-ownership property, which means the governance mechanism used the [scaled governance calculations](https://loftyai.notion.site/Governance-Mechanism-For-Partial-Property-Sales-e74b184f52124e219c320bb61b2b89b8) as opposed to the default of 1 token equals 1 vote.
    - The voting results can be found on chain [here](https://allo.info/application/3184746332) or by searching the application ID: 3184746332

- **Property Update (08/21/2025)**
    - Owner-Proposed Governance Vote for 85-104 Alawa Pl:
    - An owner with the following [wallet address](https://allo.info/account/QLHXVHCNIZMCESQ4XNWXQCNXRVAB7GWQZNXCYQSSU7LDAEOLYPG4AHERPQ) is proposing a governance vote.
    - This owner holds 64 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.
    - 85-104 Alawa  Governance Vote: 
    - 85-104 Alawa Capital Call to Pay Furnishing Expenses
    - Furnishing Expenses:
    - Furniture: $6,667.78
    - Vendor Labor (Person 1): $3,525
    - Vendor Labor (Person 2): $2,138
    -     - Total Expenses in excess of OR: $4,598.97
    - Capital Cal