Universal Lending DAO (ULD)

Universal Lending DAO (ULD) - On-Chain Fractionalized Share → Debt Portfolio.

Outstanding Loan Balances → | ULD Promissory Notes → | ULD Lofty Wallet → | Staked On-Chain Cash Reserves → | LoftyAssist - Universal Lending DAO →

Launched March 29, 2024 – ULD provides 3-year loans at 13.5% interest (compounded monthly) to fund property expenses (repairs, taxes, insurance, DAO fees) when Operating Reserves are insufficient. Loans can be extended to a 4th year based on repayment performance.

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October 2026 Cash Flow Statement (As of October 14, 2026)

Portfolio Summary

• Portfolio Value: $134,234.95
• Cash Reserves: $20,199.31
• Outstanding Loan Balance: $112,347.33
• Base Token Value: $1,688.31
• Total Tokens: 2,485
• NAV per Token: $54.02
• Loan Rate: 13.50% (Compounded monthly)
• 2026 Accrued Interest YTD: $5,860.73
• 2026 Paid Principal & Interest YTD: $5,324.58
• Number of Active Loans: 9
• Average Loan Size: $12,483.04
• Schedule Total: $112,347.33

Expenses & Distributions

• October Interest Distribution (sent to Lofty): $869.09
• DAO LLC Admin Fee: $62.50

Active Loan Schedule (Current Statement Balances)

• 566 Nash St, Akron, OH — $9,468.03
• 927 Euclid Ave Apt 10, Miami Beach, FL 33139 — $3,236.28
• 1845 W 48th St, Cleveland, OH 44102 — $10,713.92
• 724 3rd Ave, Watervliet, NY 12189 — $16,347.56
• Noah Simon (9CCLN / LFTY0476) — $15,612.18
• 432 W Peebles Rd, Memphis, TN — $17,273.43
• 8143 S Sangamon St, Chicago, IL 60620 — $10,488.16
• Ohio 3 Property Package, Akron, Ohio 44117 — $24,387.39
• 428 Cross St, Akron, OH — $4,820.38

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Universal Lending DAO (ULD) Risk Scorecard & Underwriting Framework

Risk Tiers & Origination Fees

Risk Tier	Fee	Underwriting Criteria & Trigger Conditions
Low-Risk	3%	No prior loans AND DSCR ≥ 1.5 AND LTV ≤ 50% AND monthly NOI > $600 AND repairs < 10% of value AND fully occupied (0 late payments/delinquencies in 12 mos).
Medium-Risk	4.5%	1 prior loan OR DSCR 1.3–1.49 OR LTV 50–70% OR 1 late payment in 12 mos OR reserves contribution < 15% of NOI.
High-Risk	6%	≥2 prior loans OR DSCR ≤ 1.29 OR LTV 70–80% OR vacant/unoccupied OR ≥2 late payments/1 delinquency in 12 mos OR active eviction OR major structural damage.
Maximum Risk	10%	LTV > 80% up to 85%.

Operating & Governance Policies

1. Operating & Financial Standards: Properties must remain in clean, operating condition with repair costs within limits. Minimum qualifications require a DSCR of 1.5 and monthly NOI > $600. Borrowers must maintain at least $1,000.00 in operating reserves and contribute a minimum of 15% of monthly NOI back to cash reserves.
2. Lender Discretion & Auto-Tiering: Origination fee criteria apply per property, with active EARLDAO or ULD loans triggering auto-tier advancement. The lender retains full discretion to adjust risk tiers or deny financing based on qualitative factors (e.g., environmental hazards, ongoing litigation, management stability).

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Key Operational & Product Updates (As of November 1st, 2026)

• Mandatory Minimum Monthly P&I Payments: Newly originated loans carry mandatory monthly Principal & Interest (P&I) payments calculated to satisfy the amortization schedule toward the 30% balloon balance (or a minimum of $100.00/month, whichever is greater), minimum payments commence after a 60-day grace period.
• 30% Balloon Payment Structure: Newly originated 3-year loans are amortized such that 30% balloon principal balance remains due at the end of Year 3 (with eligibility to extend to a 4th year based on performance).
• Collateralized Personal Loans: ULD can originate collateralized personal loans (up to 65% LTV & 80% margin requirement; requires subsequent governance vote per borrower).
• $500 Discretionary Bridge Loans: Fast-track collateralized bridge loans up to $500 to DAOs and individuals without requiring a full governance vote.

InvestmentKD (Pleb) – Universal Lending DAO Authorized Representative

It's Not The Principal, Its the Principle