The Minting Factory
Adding properties to the platfrom
Last updated
Adding properties to the platfrom
Last updated
The Real Estate Revolution starts by people who want to sell their investment properties by minting them into NFTs and selling it off in fractional ownership. In the Minting Factory, properties are evaluated and broken down by cash-on-cash return, cap rate, and estimated return over a 5-year holding period. Each property will have supporting financials, home inspection, and an appraisal completed by a neutral third party. A seller can sell their primary residence and continue residency with a leaseback option. The amount of rent they choose to pay on the lease will determine the cap rate for investors and the over all value of the property being listed.
The purchase price is chosen by the seller. However, the estimated value is automated based on the going cap rate where the property is located. A seller can sell the entire property or a percentage of it. However many NFTs the seller decides to sell will be offered to the BlockPark community in the secondary marketplace where buyers can see the total value of the property and the value of each NFT (property / number of NFTs). NFTs are minted in multiples of $100 when they are first brought on to the platform. ($1,000,000 = 10,000 NFTs). Buyers are given access to rent roll, P&L, and occupancy reports verified using distributed ledger technology that allow users to make an informed decisions on whether or not they want to purchase the NFT backed by real property.
Each NFT represents fractional ownership of an LLC tethered to its corresponding property. Dividends are paid out pro-rata equal to the income that specific property is earning. For example: If a property is making an 8% return, each NFT holder will make a minimum 8% on their investment. NFT holders can increase their returns by staking BLOX tokens where they receive a discount upon purchase.
BlockPark’s minting factory turns real properties into dividend-paying NFTs—tokenize, sell, or trade with ease. BLOX fuels the process, optimizing value and boosting profits for all.
Each NFT will come with 4 ownership rights.
The right of ownership to the NFT backed by real property
The right to receive a dividend equal to the property revenue
The right to govern the property as part of a DAO
The right to access property data on the BlockPark property management platform
