GROUNDFLOOR | What are you building?

LOAN SUMMARY | 12 Valley View Drive, Cartersville, GA 30121

Borrower 412

- principal

9.6%

9 months

50.0%

$55,000

Purchase & Renovation

First Lien

$55,000

Repaid on 12/05/2016

10/05/2015

11/24/2015

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

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