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LOAN SUMMARY | 1264 EMERALD AVE 1264 Emerald Ave SE, Atlanta, GA 30316

490860c404637f675a389dd137a666cc42dd53b5

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
19.4%
12 months
10.0%
$40,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
New Construction
Second Lien
$40,000
Repaid on 04/05/2016
Started on
Funded on
Repaid on
Matured on
05/22/2015
06/14/2015
04/05/2016
05/28/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$400,000
Total Project Costs
$270,000
$400,000
GROUNDFLOOR
$40,000
$190,000
$40,000
0%
Skin-in-the-Game
First Lien Loan
Second Lien Loan
Cushion
Purchase Price
$60,000
Purchase Date
TBD
Loan To ARV
10.0%
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
4
10
Quality of Valuation Report
2
4
Skin-in-the-Game
1
10
Location
2
8
Borrower Experience
5
5
Borrower Commitment
2
1

VALUATION REPORTS

As Complete (ARV)
$400,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
CLOSING CONDITIONS
  • Loan is conditioned upon a clean title search subject to liens held by the primary lender 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.