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LOAN SUMMARY | 2200 BEECHER ROAD 2200 Beecher Rd SW, Atlanta, GA 30311

595dcb6b8a51495ba360275de1d0eb5af3b2171f

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.2%
6 months
19.4%
$30,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$30,000
Repaid on 01/20/2016
Started on
Funded on
Repaid on
Matures on
06/12/2015
06/22/2015
01/20/2016
N/A

LOAN UPDATES

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GROUNDFLOOR - 1/21/2016

This loan was repaid on 1/20/2016. 

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GROUNDFLOOR - 12/2/2015

The house is under contract.

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GROUNDFLOOR - 9/3/2015

2200 Beecher was officially listed Monday, August 24th and there has been a lot of interest.

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GROUNDFLOOR - 8/19/2015

The work is complete and the house is being marketed for sale.

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GROUNDFLOOR - 8/13/2015

The house is very near completion and should be listed by the first of next week.

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GROUNDFLOOR - 8/5/2015

The home is looking great and the operative word is NEW: 

  • new roof
  • new HVAC system
  • new water heater
  • totally new kitchen
  • new baths
  • new windows 
  • new light fixtures
  • new bedroom ceiling fans
  • refinish of hardwood floors are done
  • Most of the painting (throughout) is done, to be completed with other touch-up work and walk-through by the end of next week
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GROUNDFLOOR - 8/3/2015

House is almost complete and ready to be listed for sale.

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GROUNDFLOOR - 7/30/2015

House almost complete and ready to be listed for sale.

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GROUNDFLOOR - 6/24/2015
100% Funded on 6-22-15

FINANCIAL OVERVIEW

After Repair Value (ARV)
$155,000
Total Project Costs
$50,000
$105,000
GROUNDFLOOR
$30,000
$20,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$50,000
Purchase Date
03/18/2015
Loan To ARV
19.4%
Loan To Total Project Cost
60.0%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
7
10
Quality of Valuation Report
2
4
Skin-in-the-Game
11
10
Location
2
8
Borrower Experience
1
5
Borrower Commitment
2
1

VALUATION REPORTS

As Complete (ARV)
$155,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS