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

F22377322ccffa50c1868af39d70d9f17cdebb9a

BORROWER


Rate
Projected Term
Loan to Value Range
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

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.