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Description
Lofty allows sellers to submit their property for sale. Based on factors such as occupancy status, condition, location and rental history, the property is approved or denied. A new LLC is formed to contract the property once it has been approved. The tokens of the LLC are then converted into individual tokens worth $50 on the Algorand Blockchain. A professional property inspector will inspect the property and prepare a report. If repairs are required, the seller will either make them before closing or credit the LLC. The property is available for sale on the Lofty marketplace. After the property has been fully funded, the LLC will close the Title Company on the property and the deed will transfer to the new LLC.
Description
For the first time ever, global investors have the opportunity to enter the US real estate market through fully-compliant, fractional ownership that is tokenized. This innovative approach utilizes blockchain technology to facilitate the process. The ownership of each property is split among a limited number of representative tokens, allowing owners to earn rental income and participate in property-related decisions through voting based on their token holdings. While real estate itself cannot be directly tokenized, legal entities such as corporations can be utilized for this purpose. Each property is held by a company, either an Inc or an LLC, which is then tokenized into a distinct set of RealTokens available for sale. Additionally, each property is overseen by a property management company that handles all aspects of property management on behalf of the RealToken owners, including tenant sourcing, rent collection, and maintenance tasks, freeing the diverse group of owners from these responsibilities. This model represents a significant shift in how individuals can invest in real estate, making it more accessible and efficient than ever before.
API Access
Has API
API Access
Has API
Integrations
Mesh
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Lofty AI
Country
United States
Website
www.lofty.ai/
Vendor Details
Company Name
RealT
Founded
2019
Country
United States
Website
realt.co