C

LOAN SUMMARY | 14922 Marshfield Avenue, Harvey, IL 60426

BORROWER

Borrower 357
- principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
13.4%
12 months
48.3%
$58,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$58,000
Repaid on 09/27/2019
Started on
Funded on
Repaid on
Matured on
02/25/2016
02/09/2016
09/27/2019
02/24/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$120,000
Total Project Costs
$10,000
$110,000
GROUNDFLOOR
$58,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$10,000
Purchase Date
01/29/2016
Loan To ARV
48.3%
Loan To Total Project Cost
580.0%

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

VALUATION REPORTS

As Complete (ARV)
$120,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The funding of this senior loan will be subject to a clean title search, and the resolution of any title or tax issues.
  • 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.
  • Please consult the Offering Circular