FAQs > General > Loans
Q: Does Vesta Equity Provide Loans?
There is no lending on Vesta Equity. Property owners can list a portion of equity they want to sell by setting a percentage and a desired amount that accredited investors can negotiate and purchase. Once the transaction is approved by Vesta Equity, the investor fully owns the equity they’ve purchased and the property owner receives the negotiated funds. These funds belong to the property owner who can use them at their own discretion without any obligation to repay the investor.
FAQs > General > Residential Rights
Q: Who retains residential rights?
The property owner always retains residential rights and this is embedded in the smart contracts that both property owner and investor agree to. An investor has no rights to use the property in any manner whatsoever.
FAQs > General > Equity Sharing Agreement
Q: How does a homeowner cancel the Equity Sharing Agreement?
The Equity Sharing Agreement between a homeowner, investors, and Vesta Equity usually ends when the homeowner decides to sell the property. This allows the homeowner to maintain ownership and residential rights to the property for as long as it makes sense to, and move on naturally when they're ready. A homeowner, however, might want to end the agreement without selling the property. In this case they can repay the better of 1) the value of the investment or 2) a minimum investor return as designated in the Equity Sharing Agreement. Once the investment is repaid, Vesta Equity will handle the required closing and confirm the end of the contract.
FAQs > General > Platform Security
Q: Is my money safe on Vesta Equity?
All users are fully verified by the same industry-grade KYC/AML processes that banks and traditional financial institutions use. Digital wallets are fully custodied, which acts like having a safety deposit box in a bank vault, and funds used for transactions are peer-to-peer, going directly from the investor’s wallet to the property owner’s. Properties themselves are verified using data that originates from land title registries with a suite of leading property data services to validate their market values. Finally, Vesta Equity is added onto every property’s insurance to protect investors’ interests against insurable events.
FAQs > General > Vesta Equity's Values
Q: Can I trust Vesta Equity?
Vesta Equity was founded on the principles of transparency and disintermediation to help property owners realize the value in their property equity. We allow property owners to negotiate and transact directly with accredited investors who want to manage which properties they invest their money. So how do we make money? Vesta Equity’s fee structure is simple. We set a one-time, flat closing fee. With our solution, there are no monthly payments, accruing interest, or penalties.
