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LOAN SUMMARY | 112 VALLEY FORGE COURT 112 Valley Forge Court, Eaton, OH 45320

6c60e049e6cbd9d94c9c31e2e2f8f530bbb410e5

BORROWER


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 08/23/2016
Started on
Funded on
Repaid on
Matured on
09/10/2015
12/20/2015
08/23/2016
07/13/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$175,000
Total Project Costs
$100,000
$175,000
GROUNDFLOOR
$50,000
$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
0.0%

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
2
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. for further discussion of general risk factors.
CLOSING CONDITIONS
  • Loan is conditioned upon a clean title search and valid title insurance at the time of close.
DEVELOPER FEES
  • We generally charge borrowers an origination fee (which typically ranges between 2% and 6% of the principal loan amount) and a servicing fee (which typically ranges between 0.5% and 2%) for our services.
  • We do not take a "spread" on any part of the interest payments.
  • Borrowers may capitalize the cost of closing into the principal amount of their request. These closing costs typically range from $500 to $1500.
  • Unless otherwise limited by applicable law, we will charge a penalty of up to 2% for any extension made to the Borrower. See “Fees and Related Expenses” in the Offering Circular.
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.