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LOAN SUMMARY | 2698 CANDLER DRIVE 2698 Candler Drive, Marietta, GA 30064

71960a26071bb2b1fe860f6ae808c4de25aeede9

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
16%
12 months
70.3%
$130,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$130,000
Repaid on 01/14/2017
Started on
Funded on
Repaid on
Matured on
07/28/2016
08/10/2016
01/14/2017
09/27/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$185,000
Total Project Costs
$130,000
$55,000
GROUNDFLOOR
$130,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$104,000
Purchase Date
TBD
Loan To ARV
70.3%
Loan To Total Project Cost
100.0%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
4
10
Quality of Valuation Report
4
4
Skin-in-the-Game
0
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$185,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

The Borrower intends to use the loan proceeds to purchase and renovate the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • A closing date has not been set 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 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.
  • Investor's Network is owned jointly by Brandon Thompson and Will Hardy, and Principal information reflects the entirety of their real estate experience.
  • The Borrower expects to purchase the property for $104,000. The Borrower is using loan proceeds for the entire purchase price of the property, and will therefore have no skin-in-the-game.
  • Please consult the Offering Circular