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LOAN SUMMARY | 1391 SCOTT DRIVE 1391 Scott Drive, Douglasville, GA 30135

890b0db53d2e665206180edc265742f6f1574af9

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
15.6%
9 months
72.0%
$90,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$90,000
Repaid on 01/11/2016
Started on
Funded on
Repaid on
Matured on
06/30/2015
07/25/2015
01/11/2016
04/15/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$125,000
Total Project Costs
$66,900
$58,100
GROUNDFLOOR
$90,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$66,900
Purchase Date
07/16/2015
Loan To ARV
72.0%
Loan To Total Project Cost
134.5%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
1
10
Quality of Valuation Report
3
4
Skin-in-the-Game
0
10
Location
2
8
Borrower Experience
3
5
Borrower Commitment
2
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
CLOSING CONDITIONS
  • Loan is conditioned upon a clean title search 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.