Generally not the dates. Sometimes everything around them, which is where the risk sits.
This page explains what a deposit schedule is and where a digital asset funding route interacts with it. What any specific contract says is a matter for that contract. Contact the desk at Miami Dossier for the current position on any building we cover.
Miami preconstruction is bought on a staged deposit schedule. A proportion at contract, further proportions at defined milestones, and the balance at closing. The proportions and the trigger points vary by project and sometimes by phase within the same project.
These are contractual obligations with dates attached. They are not adjusted because a funding route is taking longer than expected.
That single fact drives most of what follows. The schedule is the fixed thing. Your funding route has to fit around it.
Choosing to fund from digital assets does not generally alter what a contract requires or when. A developer accommodating the route is agreeing to how money arrives, not rewriting the schedule it arrives on.
It also does not change what happens if a deposit is late. Preconstruction contracts are generally unforgiving about missed deposit dates, and the remedies available to a developer can be severe. That is worth reading properly in the contract rather than taking anyone’s summary of it, including ours.
And it does not change where the deposit sits or who holds it. Escrow arrangements are set by the project and by Florida law, not by how the buyer funded the payment.
Lead time on every payment. A conversion and a compliance review sit in front of each deposit. If the schedule has four payments, that sequence happens four times, unless the buyer converted once at the start and held dollars.
The first payment is the slowest. Initial compliance review is the long one. Subsequent payments from an established, documented route are generally faster, which means the schedule gets easier rather than harder as it goes.
Exposure to price movement between deposits. If each deposit is funded by a separate conversion, the amount of the asset required for a fixed dollar obligation changes with the market. Some buyers convert once up front to remove that. Whether that is right for you is not something a page can decide.
None of this is an argument against the route. It is an argument for mapping it against the actual schedule before signing rather than after.
The deposit schedule is the document that makes the whole plan work or not, and it is not published on any project website. Contact the desk at Miami Dossier and we will set out the schedule on any building we cover, including where it is more demanding than the sales presentation suggests. Where a question is legal, tax or contractual, we introduce you to advisers who handle that properly rather than answering it ourselves.
Deposit schedules differ by project and by phase, and the consequences of a late payment are written into the contract rather than into any article. Contact the desk at Miami Dossier for the schedule on any building we cover. Where a question is legal, tax or structuring, we will introduce you to advisers who handle that properly rather than answering it ourselves.