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LOAN SUMMARY | 1901 WAKEFIELD DRIVE 1901 Wakefield Drive, Houston, TX 77018

8d5d046ad7fb1e387c690686e237a7f5e690d12f

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
11%
12 months
69.3%
$287,550
500
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$287,550
Funded
Started on
Funded on
Repaid on
Matures on
02/08/2017
Pending
02/09/2018

LOAN UPDATES

Gf triangle
GROUNDFLOOR - 4/25/2017
The borrower has advised that works on the property have commenced. Demolition works have been completed.

FINANCIAL OVERVIEW

After Repair Value (ARV)
$415,000
Total Project Costs
$319,500
$95,500
GROUNDFLOOR
$287,550
$31,950
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$265,000
Purchase Date
02/10/2017
Loan To ARV
69.3%
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
4
4
Skin-in-the-Game
2
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$415,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

The Borrower intends to use the loan proceeds to purchase and renovate 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.