C

LOAN SUMMARY | 165 Hidden Brook Court, Atlanta, GA 30349

BORROWER

Bolden Capital Group, LLC
Edward Bolden - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
13.4%
12 months
65.5%
$36,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Purchase & Renovation
First Lien
$36,000
Repaid on 05/24/2017
Started on
Funded on
Repaid on
Matured on
09/29/2016
10/24/2016
05/24/2017
09/28/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$55,000
Total Project Costs
$43,000
$12,000
GROUNDFLOOR
$36,000
$7,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$40,000
Purchase Date
TBD
Loan To ARV
65.5%
Loan To Total Project Cost
83.7%

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

VALUATION REPORTS

As Complete (ARV)
$55,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

165 HIDDEN BROOK COURT, ATLANTA, GA 30349
The Borrower intends to use the loan proceeds to purchase and renovate the property. Upon completion, the Borrower plans to refinance the property to repay the Groundfloor loan.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • 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.
  • The Borrower's 2015 revenue is derived from the sale of one property and rental income from other held properties. The Borrower's gross margin reflects the margin on the sale of the one property in 2015.
  • Please consult the Offering Circular