C

LOAN SUMMARY | 13 BEECH STREET 13 Beech Street, Townsend, MA 01469

Ea580600af710ebb8b97c456754380e3a1544961

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
11%
12 months
55.0%
$188,140
353
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$188,140
Funded
Started on
Funded on
Repaid on
Matures on
04/06/2017
Pending
04/06/2018

LOAN UPDATES

Gf triangle
GROUNDFLOOR - 5/11/2017
The borrower has advised that works on the property have commenced.

FINANCIAL OVERVIEW

After Repair Value (ARV)
$342,223
Total Project Costs
$220,430
$121,793
GROUNDFLOOR
$188,140
$32,290
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$144,000
Purchase Date
04/07/2017
Loan To ARV
55.0%
Loan To Total Project Cost
85.4%

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
4
4
Skin-in-the-Game
2
10
Location
4
8
Borrower Experience
3
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$342,223
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

The Borrower intends to use the loan proceeds to purchase and renovate the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

PROPERTY PHOTOS

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.