GROUNDFLOOR | What are you building?

LOAN SUMMARY | 18046 Breland Drive, Hudson, FL 34667

Hobe Sound Advisors Corp.

Thomas Richards - principal

13%

6 months

69.0%

$106,200

Purchase & Renovation

First Lien

$106,200

Repaid on 09/30/2016

05/13/2016

05/05/2016

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

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

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