B

LOAN SUMMARY | 244 Timothy Drive, Dallas, GA 30132

BORROWER

Borrower 355
- principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.2%
12 months
55.3%
$105,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
New Construction
First Lien
$105,000
Repaid on 02/03/2017
Started on
Funded on
Repaid on
Matured on
03/29/2016
01/26/2016
02/03/2017
03/29/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$189,900
Total Project Costs
$5,000
$184,900
GROUNDFLOOR
$105,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$5,000
Purchase Date
05/29/2015
Loan To ARV
55.3%
Loan To Total Project Cost
2100.0%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
3
10
Quality of Valuation Report
2
4
Skin-in-the-Game
3
10
Location
2
8
Borrower Experience
3
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$189,900
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The lot is serviced, and is underwritten as new construction on developed, serviced land.
  • There is no existing structure on this property, or if there is, it will be demolished.
  • The security interest will initially be in the value of the land, and will include any fixtures, and eventually the structure as it is completed.
  • New construction is complex and subject to permitting, and there may be delays or other unexpected issues.
  • We have limited experience in making loans for new construction projects.
  • It may be more difficult to collect against an uncompleted new construction project.
  • We have no experience in managing or completing construction projects that go into default.
  • Please consult the Offering Circular