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90 Madison Ave Refinance Proposal.pdf

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90 Madison Restructuring Mortgage Responsibility to Solely the DAO Entity BLUF (Bottom-Line Up Front) This proposal aims to shift the mortgage responsibility for 90 Madison Ave to the DAO, relieving co-owner Earl Co of payments and increasing DAO cash flow in both the short-term and long-term. The plan involves refinancing the current ~$183,457 balance to a new 30-year fixed-rate mortgage below 7.25%. Earl will lower his property management fee from 25% to 15%. This move is projected to improve

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90 Madison Restructuring Mortgage Responsibility to Solely the DAO Entity BLUF (Bottom-Line Up Front) This proposal aims to shift the mortgage responsibility for 90 Madison Ave to the DAO, relieving co-owner Earl Co of payments and increasing DAO cash flow in both the short-term and long-term. The plan involves refinancing the current ~$183,457 balance to a new 30-year fixed-rate mortgage below 7.25%. Earl will lower his property management fee from 25% to 15%. This move is projected to improve cash flow, increase property yield, and enhance the DAO's financial stability. Current (left) vs proposed (right) based on historical 12-month averages Objective The purpose of this proposal is to amend the co-ownership structure of the DAO to relieve co-owner Earl from the financial burden of paying the mortgage on the property at 90 Madison Ave, Albany, NY, and increase both the short-term and long-term yield of the property. The DAO will transition to a new 30-year fixed-rate mortgage with a lower interest rate. This restructuring aims to enhance financial stability, reduce long-term costs, and align the DAO's interests with sustainable cash flow and equity preservation. The DAO negotiate