C

LOAN SUMMARY | 2108 BEN HILL ROAD 2108 Ben Hill Road, East Point, GA 30344

B4a195172bdc86587f1277a109fd46de9dc644cf

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
13.4%
12 months
47.0%
$47,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$47,000
Repaid on 09/29/2016
Started on
Funded on
Repaid on
Matures on
08/11/2016
09/01/2016
09/29/2016
08/17/2017

LOAN UPDATES

FINANCIAL OVERVIEW

After Repair Value (ARV)
$100,000
Total Project Costs
$55,000
$45,000
GROUNDFLOOR
$47,000
$8,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$52,000
Purchase Date
TBD
Loan To ARV
47.0%
Loan To Total Project Cost
85.5%

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
2
10
Location
4
8
Borrower Experience
3
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$100,000
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 plans to refinance 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.