B

LOAN SUMMARY | 101 Meadow Trail, Jacksonville, NC 28546

BORROWER

Blue Skye Properties, LLC
Eileen O'Neill - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
8.5%
12 months
59.4%
$65,310
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Purchase & Renovation
First Lien
$65,310
Repaid on 04/04/2017
Started on
Funded on
Repaid on
Matured on
01/03/2017
03/01/2017
04/04/2017
01/02/2018

FINANCIAL OVERVIEW

After Repair Value (ARV)
$110,000
Total Project Costs
$77,682
$32,318
GROUNDFLOOR
$65,310
$12,372
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$58,900
Purchase Date
TBD
Loan To ARV
59.4%
Loan To Total Project Cost
84.1%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
5
10
Quality of Valuation Report
3
4
Skin-in-the-Game
2
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$110,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

101 MEADOW TRAIL, JACKSONVILLE, NC 28546
The Borrower intends to use the loan proceeds to purchase and renovate the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • We advanced the Borrower the money it needed to purchase this property on January 3, 2017 through a wholly owned subsidiary. The Borrower is now in possession of the property. If this offering is fully subscribed, the property will be assigned to us from the subsidiary, and we will continue to administer and service the loan per the terms of our Offering Circular.
  • 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