D

LOAN SUMMARY | 210 Creekwood Lane, Riverdale, GA 30274

BORROWER

America Rise Realty, LLC
Brownie Hawkins - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
16%
12 months
43.8%
$35,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$35,000
Repaid on 09/25/2017
Started on
Funded on
Repaid on
Matured on
11/18/2016
12/12/2016
09/25/2017
11/17/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$80,000
Total Project Costs
$52,000
$28,000
GROUNDFLOOR
$35,000
$17,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$20,000
Purchase Date
10/23/2011
Loan To ARV
43.8%
Loan To Total Project Cost
67.3%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
6
10
Quality of Valuation Report
3
4
Skin-in-the-Game
5
10
Location
4
8
Borrower Experience
1
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$80,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

210 CREEKWOOD LANE, RIVERDALE, GA 30274
The Borrower intends to use the loan proceeds to complete a renovation to the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • We advanced the Borrower the money it needed to begin renovation of this property on November 22, 2016 through a wholly owned subsidiary. The Borrower has now begun renovation. If this offering is fully subscribed, the property will be assigned to us from the subsidiary, and we will continue to administer and service the loan per the terms of our Offering Circular. Some of the proceeds from the sale of LROs will be used to repay the subsidiary for the portion of the loan it has already advanced.
  • The property was purchased for $20,000. The Borrower intends to use $3,000 of the proceeds to offset that amount of the purchase price of the property. Therefore, the Borrower is only receiving a "Skin-in-the-Game" score for the remaining $17,000 that is tied up in the project after completion of our loan.
  • 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 Borrower has not completed any projects in the past year. As such, the Borrower's average revenue, costs, and margins cannot be calculated.
  • The Principal has not completed any projects in the past. As such, the Principal's historical averages cannot be calculated.
  • Please consult the Offering Circular