Lofty

Lofty

Lofty AI
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About

A seller submits their property to be sold on the Lofty marketplace. The property is either approved or denied based on factors like occupancy status, condition, location, rental history, and more. Once approved, the property is put under contract by a newly formed LLC. The LLC is then tokenized into individual $50 tokens on the Algorand blockchain. A professional property inspection company will inspect the property and provide a report. If repairs are needed, the seller will make the repairs before closing or provide a credit to the LLC. The property is listed on the Lofty marketplace. Once the property is fully funded, the LLC will close on the property with the Title Company and the deed will be transferred to the new LLC.

About

​Ownify is a fractional homeownership program designed to make homeownership achievable for first-time buyers. By partnering with investors, Ownify enables buyers to purchase a home with as little as a 2% down payment, granting them a 2% equity stake upon closing. This approach transforms buyers into cash purchasers, covering additional upfront costs like due diligence fees and earnest money, thereby strengthening their position in competitive markets. Participants, referred to as "Ownis," make fixed monthly payments that are divided into two components: one portion acquires additional equity in the home, while the other covers occupancy costs, including maintenance, repairs, insurance, and taxes. This structure allows Ownis to incrementally increase their ownership over time. After five years, Ownis typically own approximately 10% of their home's equity and have the option to purchase the remaining equity at fair market value or cash out and walk away.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Real estate investors

Audience

Homebuyers interested in a solution offering an alternative to traditional mortgages, enabling them to gradually acquire home equity through fractional ownership

Support

Phone Support Not Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

API

Offers API Not Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Supported

Company Information

Lofty AI
United States
www.lofty.ai/

Company Information

Ownify
United States
ownify.com

Alternatives

Goliath

Goliath

Goliath Data

Alternatives

Categories

Real Estate Supported

Categories

Real Estate Supported

Integrations

Axis LMS Supported

Integrations

Axis LMS Not Supported
Claim Lofty and update features and information
Claim Lofty and update features and information
Claim Ownify and update features and information
Claim Ownify and update features and information