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saratimelineemailreorcd.pdf

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Description

Timeline of Communication Regarding Loan Terms for 1432 Sara Ave Overview This timeline illustrates YHome's proactive communication with Lofty regarding the loan terms for the property at 1432 Sara Ave, emphasizing our commitment and the investments made, especially during the ongoing eviction process. Timeline December 15, 2024 • Email Sent: YHome communicates with Lofty regarding the implementation of the Profit First system for 1432 Sara Ave. o Key Details: ▪ The property was rented upon acqu

Extracted Content

Timeline of Communication Regarding Loan Terms for 1432 Sara Ave Overview This timeline illustrates YHome's proactive communication with Lofty regarding the loan terms for the property at 1432 Sara Ave, emphasizing our commitment and the investments made, especially during the ongoing eviction process. Timeline December 15, 2024 • Email Sent: YHome communicates with Lofty regarding the implementation of the Profit First system for 1432 Sara Ave. o Key Details: ▪ The property was rented upon acquisition. ▪ Confirmation of stability during the transition period. ▪ Announcement of the Profit First system to be implemented starting January 14, 2025. ▪ Proposal to establish a YHome loan to cover current property costs, including taxes and insurance. January 7, 2025 • Follow-Up Email: Lofty requests clarification on loan documents and whether the loan will cover the existing capital call balance. January 14, 2025 • Response from YHome: Clarification on the loan structure and confirmation of the 70/30 profit distribution model. o Additional Notes: YHome emphasizes the importance of maintaining communication regarding the loan terms and property management. January 18, 2025 • • Discussion