A

LOAN SUMMARY | 1512 Cape Coral Parkway West, Cape Coral, FL 33914

BORROWER

REVAMPED HOUSES, LLC
JAMES DOVER - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
5.5%
6 months
39.3%
$35,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$35,000
Repaid on 03/07/2017
Started on
Funded on
Repaid on
Matured on
12/21/2016
02/02/2017
03/07/2017
06/20/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$89,000
Total Project Costs
$80,000
$9,000
GROUNDFLOOR
$35,000
$45,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$45,000
Purchase Date
08/15/2016
Loan To ARV
39.3%
Loan To Total Project Cost
43.8%

Grade Factors

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

VALUATION REPORTS

As Complete (ARV)
$89,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

1512 CAPE CORAL PARKWAY WEST, CAPE CORAL, FL 33914
The Borrower intends to use the loan proceeds to purchase and renovate the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

PROPERTY PHOTOS