Lofty 3761 Jade Ave

Airbnb Guest Favorite Home in Las Cruces, New Mexico.

Offering Details

• Arrio Granum, with Polvadera Properties LLC, is selling a portion of his property's equity on the Lofty marketplace. Arrio will maintain at least 10% equity in the property indefinitely.
• Arrio is a Superhost on Airbnb and manages the property. View Arrio's Airbnb Superhost profile.
• Arrio is the owner of Aransas Holdings LLC. View his company website.
• Arrio will buy back all of his equity in 8 years for a total of 16% appreciation for investors. There is no fee when equity is bought back, and investors can still trade their tokens on the Lofty marketplace anytime.
• View additional terms here.

Property Details

• Watch Video of Property
• View Airbnb listing
• Fully furnished and recently remodeled home with beautiful finishes, a hot tub, and a game room.
• Nestled close to the majestic White Sands and conveniently located near all the attractions Las Cruces has to offer.
• Play some ping pong or just watch some TV with fresh popcorn from our popcorn machine. Enjoy our majestic pergola and a fire ring for nighttime entertaining. Sink into the soothing hot tub as you gaze at the starry night sky. Starbucks is just around the corner!
• The home has 4 bedrooms, 2.5 bathrooms, and solar panels which keeps the electrical bill at a very low cost.
• The utilities cost in the "Financials" tab includes cleaning, hot tub maintenance, and supplies for the Airbnb.
• The closing costs include an additional $22,879.54 for the furniture and the hot tub, which can be viewed here. The property is fully furnished.
• View YTD Profit & Loss Statement

Property Management and Insurance

• Managed by the seller, Arrio Granum, a Superhost on Airbnb
• Property Management Agreement
• Insurance Policy from Third Coast Insurance Company.

Property Leverage

• This property has a loan of $257,750 View the loan documents here
• As the seller, Arrio Granum pays down 100% of the loan payments, his equity percentage in the property will increase and the levered rental yield of investors will decrease over time. Investors have the ability to change this structure via a governance vote.
• Arrio plans to pay down part of his loan using the proceeds from selling equity. For the 2024 calendar year, Arrio advised he will only pay down $31,000 of the loan in order to keep the levered yield for investors above 16.5%, based on May's cash flow.

Occupancy Status

• Short-term rental on Airbnb
• View Airbnb listing
• View Airbnb booking history

Location Data

• "B" Rating for Zip Code on Niche

Due Diligence Documents

• Title Report
• Quitclaim Deed
• Appraisal
• Inspection Report
• Airbnb YTD Transaction History
• Operating Agreement
• View All Documents