The financing percentage varies with different properties on Simpley’s listings.

Depending the different properties on our listings, some of our properties allow our co-owner to finance up to 70% of their purchase. A minimum down payment of 30% is required.

If one owner defaults, Simpley steps in as the guarantor of the loan and continues to make all payment obligations of the loan and any associated operating expense of that owner.

If the owner cannot cure the default, Simpley can resell the share to a new owner. This protection is one of the many benefits Simpley owners enjoy with our fully managed LLC co-ownership program.

The loan is between the lender and the LLC. Borrowers access financing directly from the LLC.

Yes. 

For buyers who choose to finance up to 70% of their purchase through Simpley’s financing partners, a small fee will be assessed at closing.

Our Simpley team will provide detailed information about financing options and costs.

No. The Simpley property cannot be encumbered by any other debt outside of the financing options arranged by Simpley on behalf of the LLC.

This is to protect every owner of the LLC. It is worth noting that in the case of a share being resold, any appreciation in the share price being sold is all kept by the selling owner, not Simpley.