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LOAN SUMMARY | 105 Valley Forge Ct, Eaton, OH 45320

BORROWER

Moore Development LLC
- principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.6%
12 months
60.6%
$100,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
New Construction
First Lien
$100,000
Repaid on 06/13/2017
Started on
Funded on
Repaid on
Matured on
03/18/2016
02/29/2016
06/13/2017
03/18/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$165,000
Total Project Costs
$23,000
$142,000
GROUNDFLOOR
$100,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$23,000
Purchase Date
TBD
Loan To ARV
60.6%
Loan To Total Project Cost
434.8%

Grade Factors

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

VALUATION REPORTS

As Complete (ARV)
$165,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • 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 lot is serviced, and is underwritten as new construction on developed, serviced land.
  • There is no existing structure on this property, or if there is, it will be demolished.
  • The security interest will initially be in the value of the land, and will include any fixtures, and eventually the structure as it is completed.
  • New construction is complex and subject to permitting, and there may be delays or other unexpected issues.
  • It may be more difficult to collect against an uncompleted new construction project.
  • We have no experience in managing or completing construction projects that go into default.
  • 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