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2026-07-14 - EARLDAO Lender Authorization - 86 Madison Ave, Albany, NY 12202.docx

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Description

EARLDAO Lender Authorization - 86 Madison Ave ECO Deficit Refinance Borrower: The property DAO for 86 Madison Ave, Albany, NY 12202 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 86 Madison Ave loan official and fund a direct payoff to ECO Systems LLC, replacing the informal ECO deficit with a documented

Extracted Content

EARLDAO Lender Authorization - 86 Madison Ave ECO Deficit Refinance Borrower: The property DAO for 86 Madison Ave, Albany, NY 12202 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 86 Madison Ave 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 $8,298.17 Maximum 12% retroactive interest through 2026-07-14 $468.53 Maximum interest-included payoff as of 2026-07-14 $8,766.70 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