B

LOAN SUMMARY | 2282 Friar Road, Macon, GA 31206

BORROWER

J D Z Investments LLC
Dawn Carter - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.6%
12 months
43.9%
$43,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$43,000
Repaid on 09/07/2017
Started on
Funded on
Repaid on
Matured on
07/20/2016
07/01/2016
09/07/2017
07/19/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$98,000
Total Project Costs
$50,000
$48,000
GROUNDFLOOR
$43,000
$7,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$27,000
Purchase Date
06/15/2015
Loan To ARV
43.9%
Loan To Total Project Cost
86.0%

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
4
4
Skin-in-the-Game
2
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$98,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

2282 FRIAR ROAD, MACON, GA 31206
The Borrower intends to use the loan proceeds to renovate the property to prepare it for sale.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The property was purchased for $27,000. The Borrower intends to use $20,000 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 $7,000 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