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LOAN SUMMARY | 1014 Scott Street, Baltimore, MD 21230

BORROWER

Victory Horizon Investments, LLC
Dan Ridgeway - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
13%
6 months
38.3%
$72,750
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$72,750
Repaid on 03/30/2017
Started on
Funded on
Repaid on
Matured on
07/25/2016
07/19/2016
03/30/2017
01/24/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$190,000
Total Project Costs
$165,000
$25,000
GROUNDFLOOR
$72,750
$92,250
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$80,000
Purchase Date
02/02/2016
Loan To ARV
38.3%
Loan To Total Project Cost
44.1%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
7
10
Quality of Valuation Report
3
4
Skin-in-the-Game
10
10
Location
4
8
Borrower Experience
2
5
Borrower Commitment
1

VALUATION REPORTS

As Complete (ARV)
$190,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • 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