B

LOAN SUMMARY | 2793 Harrington Place Southwest, Atlanta, GA 30311

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.6%
12 months
53.3%
$80,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$80,000
Repaid on 01/26/2017
Started on
Funded on
Repaid on
Matured on
04/25/2016
04/15/2016
01/26/2017
04/22/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$150,000
Total Project Costs
$139,000
$11,000
GROUNDFLOOR
$80,000
$59,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$70,000
Purchase Date
02/11/2016
Loan To ARV
53.3%
Loan To Total Project Cost
57.6%

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
3
4
Skin-in-the-Game
8
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1

VALUATION REPORTS

As Complete (ARV)
$150,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower is a new entity and the property was recently transferred to it by the Principal.
  • The property was purchased for $70,000, and the Borrower intends to use $11,000 of the proceeds from our loan 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 $59,000 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 funding of this senior loan will be subject to a clean title search, and the resolution of any title or tax issues.
  • Please consult the Offering Circular