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LOAN SUMMARY | 18046 BRELAND DRIVE 18046 Breland Drive, Hudson, FL 34667

4c19c3314d29fbc8fdae71a750c3fb79acf83e57

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
13%
6 months
69.0%
$106,200
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$106,200
Repaid on 09/30/2016
Started on
Funded on
Repaid on
Matured on
04/25/2016
05/07/2016
09/30/2016
11/13/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$153,815
Total Project Costs
$118,000
$35,815
GROUNDFLOOR
$106,200
$11,800
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$85,000
Purchase Date
TBD
Loan To ARV
69.0%
Loan To Total Project Cost
90.0%

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)
$153,815
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

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

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower has not undertaken any projects in the past year. As such, the Borrower's average revenue, costs, and margins cannot be calculated.
  • 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