GROUNDFLOOR | What are you building?

LOAN SUMMARY | 1649 West Garfield Boulevard, Chicago, IL 60636

TLC CHICAGO LLC

Vince Gavin - principal

13.4%

12 months

56.3%

$92,320

Purchase & Renovation

First Lien

$92,320

Repaid on 01/04/2018

08/26/2016

07/05/2016

01/04/2018

08/25/2017

FINANCIAL OVERVIEW After Repair Value (ARV) $164,000 Total Project Costs $102,900 $61,100 GROUNDFLOOR $92,320 $10,580 0% Skin-in-the-Game First Lien Loan Cushion Purchase Price $52,900 Purchase Date TBD Loan To ARV 56.3% Loan To Total Project Cost 89.7%	Grade Factors The following factors determine in part how the loan was graded: (in descending order of importance) Loan To ARV Score 5 10 Quality of Valuation Report 4 4 Skin-in-the-Game 2 10 Location 4 8 Borrower Experience 3 5 Borrower Commitment 1 1
	VALUATION REPORTS As Complete (ARV) $164,000 Certified Independent Appraisal Broker's Price Opinion Borrower Provided Appraisal Borrower Provided Comps

The Borrower intends to use the loan proceeds to purchase the property and complete a renovation to prepare it for sale.

The Borrower has completed one project and is currently renting out that property. As such, the Borrower's revenue reflects rent revenue earned as of the reporting date.
A closing date has not been set yet for the purchase of this property. We will not originate a loan on this property until the closing process commences.
Although the Borrower has negotiated to purchase the property for the stated purchase price, there can be no assurances the Borrower will close on the acquisition at this price. However, the Borrower's Skin-in-the-Game will not change regardless of any changes to the closing price.
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