CONTINUOUS EQUITY INFRASTRUCTURE // 1,000,000 BASIS UNITS PER DEED

Own or tap home equity, one millionth at a time.

Residential real estate is still traded like pre-1602 Amsterdam—choked by 8.5% bank debt, 6% broker tolls, and binary all-or-nothing deeds. Lettel divides every property into 1,000,000 indivisible basis units so renters build equity, homeowners tap debt-free cash, and landlords unlock trapped capital.

Launch 4-Sided Sandbox →

LIVE PARCEL LEDGER PREVIEW

Series LETTEL-MN-0001 // Winona Duplex

$240,000 DEED

Interactive Equity Split (50,000 / 1,000,000 units) 5.0000% Slice

Slice Capital Value

$12,000.00

Monthly Rent Offset / Co-Rent

$69.75/mo

8.5% Bank HELOC Equiv.

-$148.78/mo

Monthly Cash Saved

+$79.03/mo

01 // STRUCTURAL ARBITRAGE

Replacing Debt Friction with Continuous Clearing

Market Participant	Legacy Debt & Broker System	Lettel 1,000,000-Unit Clearinghouse	Net Economic Delta
1. Residential Renter	100% of rent is dead expense; $50+ late fees if cash is tight one month.	Overpay to buy 1/1,000,000th units that lower future rent—or sell units to cover a tight month.	+$19,450 5-Yr Equity vs. -$90k Dead Rent
2. Present Homeowner	Tapping $30k requires an 8.5% Bank HELOC ($372/mo) and a foreclosure lien on 100% of the home.	Sell 100,000 units (10%) to the Lettel Basket. Pay fair 6% Co-Ownership Rent ($150/mo) only on the 10% sold.	+$222/mo Cash Saved & $0 Bank Debt
3. Local Landlord	PMs take 9% of Gross Rent (~17% of NOI) + 100% first-month placement fees; equity trapped.	Float a 20% slice at full appraisal; aligned 10%-of-NOI management + 25% master insurance savings.	+$4,896/yr Net Cash Flow per Duplex
4. Basket Investor	Public REITs bury yields in SG&A; 1st-gen fractional apps lock capital for 5–7 years.	AI-curated Regional Baskets provide instant AMM secondary liquidity + optional Share-Backed Margin.	6.4%–8.4% Yield + 2-Sec Exit

02 // FOUR-SIDED MARKETPLACE

One Deterministic Ledger, Four Tailored Portals

PORTAL 01 // RENTER

Flexible Rent & Equity Cushion

Pay extra when flush to acquire millionths of your home and earn a monthly tax-free Rent-Offset Credit. Slide your payment down during a tight month to cover rent with equity.

$0 Late Fees // Appreciating Deposit

PORTAL 02 // HOMEOWNER

Pro-Rata Co-Ownership Rent

Unlock $3,600 for county property taxes or $30,000 for a remodel while keeping your 3.5% mortgage untouched. Pay low pro-rata rent only on the units you sold—or pay in units if cash is tight.

Repurchase Units Anytime

PORTAL 03 // LANDLORD

20% NEPA Float & 10% NOI

Unlock $50,000 tax-efficiently without triggering Due-on-Sale clauses. Automated 7% sinking funds (earning 4.5% APY) handle routine maintenance while 80% votes fund value-add upgrades.

$0 Lease-Up Placement Fees

PORTAL 04 // BASKET INVESTOR

AI Baskets & Share Margin

Regional Thematic Baskets act as Automated Market Makers (AMMs), absorbing single-home slices while keeping underlying deeds 100% debt-free.

Up to 40% Share-Backed Margin

SOUTHEAST MINNESOTA PILOT // ROCHESTER & WINONA

Register for Founding Cohort Access

Direct D1 registration for local landlords, homeowners, renters, and accredited pilot partners.