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LOAN SUMMARY | 1484 SPRINGLEAF CIRCLE SOUTHEAST 1484 Springleaf Circle Southeast, Smyrna, GA 30080

0c524cb916bbf3601cb3c5c21d644e45e440d312

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
13.4%
12 months
63.8%
$88,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$88,000
Repaid on 01/04/2017
Started on
Funded on
Repaid on
Matures on
10/12/2016
01/04/2017
10/24/2017

LOAN UPDATES

Gf triangle
GROUNDFLOOR - 12/7/2016
The borrower has advised that the property is currently under contract and subject the due diligence. 

FINANCIAL OVERVIEW

After Repair Value (ARV)
$138,000
Total Project Costs
$100,500
$37,500
GROUNDFLOOR
$88,000
$12,500
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$80,500
Purchase Date
09/12/2016
Loan To ARV
63.8%
Loan To Total Project Cost
87.6%

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

VALUATION REPORTS

As Complete (ARV)
$138,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

The Borrower intends to use the loan proceeds to complete a renovation to the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

PROPERTY PHOTOS

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.