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
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Purchase & Renovation
First Lien
$188,140
Repaid on 10/02/2017
Started on
Funded on
Repaid on
Matured on
04/05/2017
10/02/2017
04/06/2018

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

13 BEECH STREET, TOWNSEND, MA 01469
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

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • We advanced the Borrower the money it needed to purchase this property on April 7, 2017 through a wholly owned subsidiary. The Borrower is now in possession of the property. If this offering is fully subscribed, the property will be assigned to us from the subsidiary, and we will continue to administer and service the loan per the terms of our Offering Circular.
  • The renovation of the property 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.
  • The Borrower is a new entity and does not have any assets or operating history.
  • Please consult the Offering Circular