C

LOAN SUMMARY | 1412 Allene Avenue SW, Atlanta, GA 30310

BORROWER

Borrower 370
- principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
13%
6 months
56.1%
$105,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$105,000
Repaid on 08/09/2016
Started on
Funded on
Repaid on
Matured on
03/09/2016
03/03/2016
08/09/2016
09/08/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$187,000
Total Project Costs
$66,000
$121,000
GROUNDFLOOR
$105,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$66,000
Purchase Date
01/01/2016
Loan To ARV
56.1%
Loan To Total Project Cost
159.1%

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
3
10
Location
2
8
Borrower Experience
4
5
Borrower Commitment
1

VALUATION REPORTS

As Complete (ARV)
$187,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower purchased the property for $66,000 and intends to use $40,000 of our loan proceeds 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 $26,000 that is tied up in the project after origination of our loan.
  • The Borrower is a new entity and does not have any assets or operating history.
  • 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 funding of this senior loan will be subject to a clean title search, and the resolution of any title or tax issues.
  • Please consult the Offering Circular