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LOAN SUMMARY | 112 Valley Forge Court, Eaton, OH 45320

BORROWER

Borrower 354
- principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
7%
6 months
28.6%
$50,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
New Construction
First Lien
$50,000
Repaid on 08/22/2016
Started on
Funded on
Repaid on
Matured on
01/13/2016
12/18/2015
08/22/2016
07/13/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$175,000
Total Project Costs
$22,000
$153,000
GROUNDFLOOR
$50,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$22,000
Purchase Date
TBD
Loan To ARV
28.6%
Loan To Total Project Cost
227.3%

Grade Factors

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

VALUATION REPORTS

As Complete (ARV)
$175,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • 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.
  • We have limited experience in making loans for new construction projects.
  • 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.
  • Please consult the Offering Circular