The property owner, Miriam Jones, is selling equity in her primary residence on the Lofty marketplace.
Miriam will pay investors a Rental Yield of 15% and will buy back all of her equity in 3 years for a total of 4% appreciation for investors. Investors can still trade their tokens on the Lofty marketplace anytime. The maximum equity Miriam will sell is $100,000.
Miriam passed a premium criminal background check via Checkr and her Experian credit score is 689.
The property has a current loan balance of $455,800. The lender has approved the owner to sell their equity on the Lofty Marketplace. The seller must continue to make monthly payments on their loan balance, as the lender has first lien on the property. Investors on Lofty do not pay a portion of the debt payments.
Clawback is enabled and 60% of the owners' equity is up for collateral. This allows investors to reach a Supermajority of 60%+, via a governance vote, to claw back the owners' equity if they are late on their interest payments or buy-back by over 90 days.
The property owner, Miriam, will pay for 100% of the property maintenance costs.
7 Acre Horse Ranch in California with spectacular mountain views
Details
- The main home has a warm cozy cabin feel, featuring beautiful bamboo wood floors and hardwood/knotty pine throughout the interior walls and vaulted ceiling
- The kitchen has granite counter tops and breakfast bar open to the living room and dining room. Downstairs features include a bedroom, nearby bathroom with a skylight, and a laundry room/mud room
- Upstairs has an open loft and 2 huge bedrooms, one with a private balcony
- Outdoors, there is a gated salt water pool & jacuzzi area, lighted indoor stables and outdoor stables, dressage arena, 2 wash racks, and tack room
- This ranch is permitted to board up to 40 horses
- The property includes an apartment inside the home rented separately on Airbnb, a mobile home with it's own propane and septic tank, gated dog area, large pasture areas that have potential use of crops, garden or vineyard, 2 storage sheds, and a large pond that includes filter system and motor. This ranch is permitted to board up to 40 horses.
- The pump on the well is new, and provides plenty of water to the property
- Easy access to main road and freeway
- Fully finished basement
- The guest apartment is rented separately on Airbnb. View photos of the guest house here.
Insurance
Occupancy Status
- Occupied by the owner, Miriam Jones.
Location Data
- "C+" Rating for Zip Code on Niche. The Zip Code has a "D+" Housing score because it is a rural area, which affects the overall Niche rating.
Due Diligence Documents
