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LOAN SUMMARY | 181 SHAW ROAD SW 181 Shaw Road , Adairsville, GA 30103

426c19b003aa2a9958f64f6c609bf5ca92b1c245

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
15.6%
6 months
68.7%
$96,210
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$96,210
Repaid on 09/26/2016
Started on
Funded on
Repaid on
Matured on
01/25/2016
02/06/2016
09/26/2016
09/29/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$140,000
Total Project Costs
$81,900
$58,100
GROUNDFLOOR
$96,210
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$81,900
Purchase Date
TBD
Loan To ARV
68.7%
Loan To Total Project Cost
117.5%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
2
10
Quality of Valuation Report
2
4
Skin-in-the-Game
2
10
Location
2
8
Borrower Experience
4
5
Borrower Commitment
2
1

VALUATION REPORTS

As Complete (ARV)
$140,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

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 funding of this senior loan will be subject to a clean title search, and the resolution of any title or tax issues.
  • 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.
  • Please consult the Offering Circular