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Agreement between Lofty Holding 7542 S Colfax Ave LLC and New Heights Development LLC - 7656 S Colfax Ave, Chicago, IL 60649.pdf
| Property | 7542 and 7656 S Colfax Ave, Chicago, IL 60649 |
|---|---|
| Section | 03 - LLC Documents |
| Category | |
| Relative path | 03 - LLC Documents/Agreement between Lofty Holding 7542 S Colfax Ave LLC and New Heights Development LLC - 7656 S Colfax Ave, Chicago, IL 60649.pdf |
| Source path | /mnt/c/Users/digit/Dropbox/Real Estate/IL/7542 and 7656 S Colfax Ave, Chicago, IL 60649/Public/03 - LLC Documents/Agreement between Lofty Holding 7542 S Colfax Ave LLC and New Heights Development LLC - 7656 S Colfax Ave, Chicago, IL 60649.pdf |
| Modified UTC | 2026-05-30T14:50:30.0000000Z |
| Size bytes | 208158 |
| Extraction method | metadata-only+pdftotext-incremental |
Description
Docusign Envelope ID: 7CF48E91-8584-4779-A99C-90EC9AE5754C AGREEMENT BETWEEN LOFTY HOLDING 7542 S COLFAX LLC, AND NEW HEIGHTS DEVELOPMENT LLC, RECOGNIZING NEW HEIGHTS DEVELOPMENT LLC AS HAVING A FINANCIAL INTEREST IN THE PROPERTY LOCATED AT 7656 SOUTH COLFAX AVENUE, CHICAGO, ILLINOIS 60649 LOFTY HOLDING 7542 S COLFAX LLC (AKA LOFTY HOLDING 7642 & 7856 S. COLFAX AVENUE DAO LLC, ITS SUCCESSOR COMPANY) (LOFTY), AND NEW HEIGHTS DEVELOPMENT LLC (NEW HEIGHTS) AGREES THAT NEW HEIGHTS IS RECOGNIZED AS H
Extracted Content
Docusign Envelope ID: 7CF48E91-8584-4779-A99C-90EC9AE5754C AGREEMENT BETWEEN LOFTY HOLDING 7542 S COLFAX LLC, AND NEW HEIGHTS DEVELOPMENT LLC, RECOGNIZING NEW HEIGHTS DEVELOPMENT LLC AS HAVING A FINANCIAL INTEREST IN THE PROPERTY LOCATED AT 7656 SOUTH COLFAX AVENUE, CHICAGO, ILLINOIS 60649 LOFTY HOLDING 7542 S COLFAX LLC (AKA LOFTY HOLDING 7642 & 7856 S. COLFAX AVENUE DAO LLC, ITS SUCCESSOR COMPANY) (LOFTY), AND NEW HEIGHTS DEVELOPMENT LLC (NEW HEIGHTS) AGREES THAT NEW HEIGHTS IS RECOGNIZED AS HAVING A 50% FINANCIAL INTEREST IN THE PROPERTY LOCATED AT 7656 S. COLFAX AVENUE, CHICAGO, ILLINOIS 60649 IN EXCHANGE FOR NEW HEIGHTS DEVELOPMENT LLC’S PROMISE TO REFINANCE AND REHAB THE PROPERTY AND THEN COMPENSATE LOFTY HOLDING 7542 S. COLFAX LLC FOR THE BEFORE REHAB VALUE WHEREAS, LOFTY, has agreed to recognize NEW HEIGHTS as having a 50% financial interest in the property located at 7656 South Colfax, Chicago, Illinois, and will convey the financial interest to NEW HEIGHTS through a Quit Claim Deed. WHEREAS, LOFTY has agreed to recognize NEW HEIGHTS as having a 50% financial interest in the subject property and will convey the financial interest through a Quit Claim Deed in exchange for N