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LOAN SUMMARY | 1646 WESTWOOD AVENUE SOUTHWEST 1646 Westwood Avenue Southwest, Atlanta, GA 30310

F22377322ccffa50c1868af39d70d9f17cdebb9a

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
7.4%
12 months
28.6%
$60,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$60,000
Repaid on 09/23/2016
Started on
Funded on
Repaid on
Matures on
06/08/2016
06/22/2016
09/23/2016
N/A

LOAN UPDATES

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GROUNDFLOOR - 8/1/2016

We are presently working with the Borrower's attorney to clear up title issues. Closing is expected to occur within 30 days.

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GROUNDFLOOR - 6/22/2016

This loan was fully funded on 6/22/2016 by 85 investors. 

FINANCIAL OVERVIEW

After Repair Value (ARV)
$210,000
Total Project Costs
$129,000
$81,000
GROUNDFLOOR
$60,000
$69,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$69,000
Purchase Date
04/26/2016
Loan To ARV
28.6%
Loan To Total Project Cost
46.5%

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
3
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$210,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • 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