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LOAN SUMMARY | 17 WEST WRIGHT STREET 17 West Wright Street, Winder, GA 30680

14e70c5379c35f37ef9e48dfa14852d835ef71ac

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
16%
9 months
48.9%
$66,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$66,000
Repaid on 10/24/2016

FUNDING HISTORY AND KEY MILESTONES

Started on
03/15/2016
Funded on
04/05/2016
Repaid on
10/24/2016
Matures on
01/26/2017

LOAN UPDATES

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GROUNDFLOOR - 10/17/2016

There is no update to the status of this property.

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GROUNDFLOOR - 9/7/2016

The borrower has advised that a new contractor is being consulted to potentially be engaged to complete the works.

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GROUNDFLOOR - 7/25/2016

The Borrower has advised that a new GC has been appointed to complete the renovation works. Further updates to follow.

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GROUNDFLOOR - 6/9/2016

The General Contractor and construction crew have been delayed in the initial work on the property due to work on another project. The Borrower expects this to be resolved shortly and will provide an update as soon as soon as the crew begins work. 

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GROUNDFLOOR - 5/2/2016

The project has begun and first steps will be to complete the floor joist repairs in the basement, followed by roof repairs.

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GROUNDFLOOR - 4/5/2016

This loan was fully funded on 4/4/2016 by 115 investors. 

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.