GROUNDFLOOR | What are you building?

LOAN SUMMARY | 1004 Creel Drive, Moody, AL 35004

Obsidian Capital, LLC

Jason Green - principal

7.4%

12 months

19.3%

$50,000

Refinance - Rehab

First Lien

$50,000

Repaid on 09/08/2016

06/16/2016

06/07/2016

09/08/2016

06/16/2017

FINANCIAL OVERVIEW After Repair Value (ARV) $259,000 Total Project Costs $205,700 $53,300 GROUNDFLOOR $50,000 $155,700 0% Skin-in-the-Game First Lien Loan Cushion Purchase Price $184,000 Purchase Date 05/18/2016 Loan To ARV 19.3% Loan To Total Project Cost 24.3%	Grade Factors The following factors determine in part how the loan was graded: (in descending order of importance) Loan To ARV Score 9 10 Quality of Valuation Report 4 4 Skin-in-the-Game 10 10 Location 4 8 Borrower Experience 4 5 Borrower Commitment 1 1
	VALUATION REPORTS As Complete (ARV) $259,000 Certified Independent Appraisal Broker's Price Opinion Borrower Provided Appraisal Borrower Provided Comps

The Borrower intends to use the loan proceeds to complete a renovation to the property and refinance the property to repay the Groundfloor loan.

The property was purchased for $184,000. The Borrower intends to use $28,300 of the proceeds to offset that amount of the purchase price of the property. Therefore, the Borrower is only receiving a "Skin-in-the-Game" score for the remaining $155,700 that is tied up in the project after completion of our loan.
The Borrower is a new entity and does not have any assets or operating history.
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.
The funding of this senior loan will be subject to a clean title search, and the resolution of any title or tax issues.
Please consult the Offering Circular