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

2026-07-14 - EARLDAO Lender Authorization - 85-104 Alawa Pl, Waianae, HI 96792.docx

This page is a searchable text preview. Use the Dropbox link for the full original file.

Open full file in Dropbox

What This File Appears To Be

EARLDAO Lender Authorization - 85-104 Alawa Pl ECO Deficit Refinance Borrower: The property DAO for 85-104 Alawa Pl, Waianae, HI 96792 Lender: Ecosystems Asset Recovery Lending DAO LLC (EARLDAO) Payoff recipient: ECO Systems LLC Calculation date: July 14, 2026 Status: Draft - effective only if the property DAO selects the EARLDAO option Purpose Authorize EARLDAO to make the 85-104 Alawa Pl loan official and fund a direct payoff to ECO Systems LLC, replacing the informal ECO deficit with a docume

Text Preview

EARLDAO Lender Authorization - 85-104 Alawa Pl ECO Deficit Refinance Borrower: The property DAO for 85-104 Alawa Pl, Waianae, HI 96792 Lender: Ecosystems Asset Recovery Lending DAO LLC (EARLDAO) Payoff recipient: ECO Systems LLC Calculation date: July 14, 2026 Status: Draft - effective only if the property DAO selects the EARLDAO option Purpose Authorize EARLDAO to make the 85-104 Alawa Pl loan official and fund a direct payoff to ECO Systems LLC, replacing the informal ECO deficit with a documented lender asset and borrower liability. Maximum Initial Authorization Metric Amount Accounting principal, no approved retroactive interest $4,818.27 Maximum 12% retroactive interest through 2026-07-14 $150.21 Maximum interest-included payoff as of 2026-07-14 $4,968.48 The borrower vote controls whether retroactive interest is included. EARLDAO may not capitalize the hypothetical amount unless that option wins. Authorized Terms Maximum initial funding equals the borrower-approved payoff refreshed through the actual closing date. 12% simple prospective interest, accrued daily without compounding. 36-month maturity and no prepayment penalty. Loan proceeds are paid directly to ECO Systems LLC and documented as satisfaction of the corresponding ECO receivable. Monthly statements must separate principal, interest, payments, and any additional approved advances. No additional draws are authorized by this proposal. Borrower distributions may resume only after current property obligations, approved reserves, and scheduled loan payments are current. Voting Options APPROVE MATCHING LOAN AUTHORIZATION - authorize the loan on the terms above if the borrower DAO selects its EARLDAO option. APPROVE WITH MODIFICATIONS - specify a lower amount, different term, or other lender condition. REJECT - do not fund; require equity conversion or a revised borrower proposal. ABSTAIN. Conditions Before Funding Obtain the certified borrower-DAO vote result. Refresh the Baselane reconciliation through closing. Execute a promissory note showing actual signature dates. Record the ECO payoff and EARLDAO receivable without duplicating the liability. Confirm no equity is simultaneously issued for the same settled amount.