D

LOAN SUMMARY | 100 ASHFORD DRIVE 100 Ashford Drive, Dallas, GA 30132

9c7da7956e42c404315d0cbf96f81d6ac0901179

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
15.6%
6 months
71.7%
$86,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$86,000
Repaid on 06/27/2016
Started on
Funded on
Repaid on
Matured on
02/24/2016
03/06/2016
06/27/2016
09/18/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$120,000
Total Project Costs
$63,000
$57,000
GROUNDFLOOR
$86,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$63,000
Purchase Date
TBD
Loan To ARV
71.7%
Loan To Total Project Cost
136.5%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
1
10
Quality of Valuation Report
2
4
Skin-in-the-Game
0
10
Location
2
8
Borrower Experience
0
5
Borrower Commitment
0
1

VALUATION REPORTS

As Complete (ARV)
$120,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • Investor Network is owned jointly by Brandon Thompson and Will Hardy. They do not own or operate any other entities outside of Investor Network, and Principal information reflects the entirety of their real estate experience.
  • The Borrower expects to purchase the property for $63,000.
  • The Borrower is using loan proceeds for the entire purchase price of the property, and will therefore have no skin-in-the-game.
  • A closing date has not been set yet for the purchase of this property. We will not originate a loan on this property until the closing process commences.
  • Although the Borrower has negotiated to purchase the property for the stated purchase price, there can be no assurances the Borrower will close on the acquisition at this price. However, the Borrower's Skin-in-the-Game will not change regardless of any changes to the closing price.
  • The acquisition will be subject to a clean title search, and the resolution of any title or tax issues.
  • The renovation of the property may be extensive, and therefore subject to delays and other unexpected issues.
  • The renovation will require permitting, and permits may not be obtained on time or may be denied.
  • Please consult the Offering Circular for further discussion of general risk factors.
CLOSING CONDITIONS
  • Loan is conditioned upon a clean title search and valid title insurance at the time of close.
DEVELOPER FEES
  • GROUNDFLOOR generally charges borrowers between 2% and 6% of the principal amount of the loan for our services.
  • GROUNDFLOOR does not take a 'spread' on any part of the interest payments.
  • Developers may capitalize the cost of closing into the principal amount of their request. These closing costs typically range from $500 to $1500.
  • Unless otherwise limited by applicable law, GROUNDFLOOR will charge a penalty of 2% for any extension made to the borrower. See GROUNDFLOOR 'Fees and Expenses' in the Offering Circular.
SEC FILING INFORMATION
  • The series of LROs corresponding to this Project are offered pursuant to Post Qualification Amendment No.9 to the Offering Circular dated December 8, 2015 (each, as amended and supplemented from time to time), including the documents incorporated by reference therein. You may access and review these documents on the Internal Filings Directory located on our Platform.
THE COMPANY PLAYED NO ROLE IN THE PREPARATION OF ANY OF THE VALUATION SOURCES OR ANY OTHER MATERIALS PROVIDED BY THE BORROWER. WHILE WE BELIEVE THE DATA CONTAINED THEREIN IS HELPFUL, WE DO NOT USE IT AS THE SOLE BASIS FOR A FUNDING DECISION.