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Lofty AI is a company based in Marina del Rey, California, that uses artificial intelligence to identify and predict neighborhood growth, and helps find properties.
1) The algorithm recommends properties and allows the user to choose.
2) The user secures their own financing and makes an all-cash offer on the property. The user enters into a secondary contract with Lofty AI after the offer is made.
3) After three years, the property can be sold or held. In either case, the user keeps 80% of the profit. If the property loses value, the company covers 100% of the loss. If the property is sold in 3 years, the company takes 20% of the gross profit.
Lofty opens an investment account with a 3rd party to hold the on-going losses of the property. If the paper value of the specified property becomes higher than the original purchase price, Lofty AI withdraws the previously deposited funds back into its own corporate account. This process is repeated indefinitely until the expiration of the agreement.
Lofty AI gets its properties from listing sites and the MLS. If the property is not listed, the user may send the address for the property and it is approved if it fits within our models parameters.
