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LOAN SUMMARY | 1004 CREEL DRIVE 1004 Creel Drive, Moody, AL 35004

37a9ef848139ce3816258f3109642f1bfe964f1c

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
7.4%
12 months
47.0%
$50,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$50,000
Repaid on 09/08/2016

FUNDING HISTORY AND KEY MILESTONES

Started on
05/19/2016
Funded on
06/08/2016
Repaid on
09/08/2016
Matures on
06/16/2017

LOAN UPDATES

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GROUNDFLOOR - 7/22/2016

The Borrower has advised that the renovation works have been completed.

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GROUNDFLOOR - 7/7/2016

Landscaping is complete. In addition, renovations on the interior walls, insulation, electric and plumbing systems are complete. Renovations to the kitchen and renovations to the interior doors are in progress. 

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GROUNDFLOOR - 6/9/2016

This loan was fully funded on 6/8/2016 by 66 investors. 

PROPERTY DESCRIPTION

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

PROPERTY PHOTOS

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.