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LOAN SUMMARY | 12 VALLEY VIEW DRIVE 12 Valley View Drive, Cartersville, GA 30121

E7baeb09be62a4a2f8debe7a5736e42d9065e07e

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.6%
9 months
50.0%
$55,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$55,000
Repaid on 12/05/2016
Started on
Funded on
Repaid on
Matured on
08/07/2015
09/24/2015
12/05/2016
07/05/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$110,000
Total Project Costs
$42,000
$68,000
GROUNDFLOOR
$55,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$42,000
Purchase Date
TBD
Loan To ARV
50.0%
Loan To Total Project Cost
131.0%

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
2
4
Skin-in-the-Game
4
10
Location
3
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 PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The borrower expects to purchase the property for $42,000 and will use $26,266 of the proceeds from our loan to offset that amount of the purchase price of the property. Therefore, the borrower is only receiving a "Skin-in-the-Game" score for the remaining $15,734 that is tied up in the project after completion of our loan.
  • A closing date has not been seen 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 acquisition will be subject to a clean title search, and the resolution of any title or tax issues.
  • The renovation 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.