C

LOAN SUMMARY | 1309 Hartford Ave SW, Atlanta, GA 30310

BORROWER

Borrower 383
- principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
13%
6 months
64.0%
$80,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$80,000
Repaid on 02/29/2016
Started on
Funded on
Repaid on
Matured on
09/28/2015
09/23/2015
02/29/2016
03/28/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$125,000
Total Project Costs
$40,000
$85,000
GROUNDFLOOR
$80,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$40,000
Purchase Date
04/17/2015
Loan To ARV
64.0%
Loan To Total Project Cost
200.0%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
3
10
Quality of Valuation Report
2
4
Skin-in-the-Game
7
10
Location
2
8
Borrower Experience
4
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$125,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The property was purchased for $40,000 and $30,000 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 $10,000 that is tied up in the project after completion of our loan.
  • The renovation will be subject to a clean title search, and the resolution of any title or tax issues.
  • The renovation is 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