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LOAN SUMMARY | 136 BROWER ST 136 Brower St, Decatur, GA 30030

42c2a7337f15e38fc9d6a0da0f224d4414f46856

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
20%
12 months
8.2%
$70,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
New Construction
Second Lien
$70,000
Repaid on 04/18/2016
Started on
Funded on
Repaid on
Matured on
12/01/2014
02/09/2015
04/18/2016
02/18/2016

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.