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LOAN SUMMARY | 1725 BOULDERCREST ROAD 1725 Bouldercrest Road, Atlanta, GA 30316

575f0a31429cf881f544db62d597e15538177408

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
6%
9 months
18.5%
$115,000
287
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$115,000
Funded
Started on
Funded on
Repaid on
Matures on
12/27/2016
Pending
10/16/2017

LOAN UPDATES

Gf triangle
GROUNDFLOOR - 4/11/2017
The borrower has advised that the framing, insulation, plumbing rough-in and electrical rough-in works have been completed. The property is 55% complete.

FINANCIAL OVERVIEW

After Repair Value (ARV)
$300,000
Total Project Costs
$189,000
$111,000
GROUNDFLOOR
$115,000
$74,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$98,000
Purchase Date
11/15/2016
Loan To ARV
38.3%
Loan To Total Project Cost
60.8%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
7
10
Quality of Valuation Report
4
4
Skin-in-the-Game
7
10
Location
4
8
Borrower Experience
3
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$300,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

The Borrower intends to use the loan proceeds to payoff an existing lien and complete a renovation to the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

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.