B

LOAN SUMMARY | 218 East Hanover Street, Trenton, NJ 08608

BORROWER

Borrower 359
- principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.6%
12 months
37.4%
$59,500
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Purchase & Renovation
First Lien
$59,500
Repaid on 01/30/2018
Started on
Funded on
Repaid on
Matured on
02/01/2016
01/26/2016
01/30/2018
02/01/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$159,000
Total Project Costs
$105,500
$53,500
GROUNDFLOOR
$59,500
$46,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$46,000
Purchase Date
TBD
Loan To ARV
37.4%
Loan To Total Project Cost
56.4%

Grade Factors

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

VALUATION REPORTS

As Complete (ARV)
$159,000
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 seen 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 acquisition will be subject to a clean title search, and the resolution of any title or tax issues.
  • The renovation 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