B

LOAN SUMMARY | 13910 S Atlantic Ave, Riverdale, IL 60827

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.6%
12 months
44.6%
$50,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$50,000
Repaid on 09/10/2019
Started on
Funded on
Repaid on
Matured on
11/12/2015
11/24/2015
09/10/2019
11/11/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$112,000
Total Project Costs
$8,000
$104,000
GROUNDFLOOR
$50,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$8,000
Purchase Date
07/30/2015
Loan To ARV
44.6%
Loan To Total Project Cost
625.0%

Grade Factors

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

VALUATION REPORTS

As Complete (ARV)
$112,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The renovation 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.
  • Please consult the Offering Circular