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LOAN SUMMARY | 27 DOUGLAS AVENUE 27 Douglas Avenue, Maynard, MA 01754

3f5576cfec4ff35e7a9125bfe66b62faa271359c

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
6.5%
12 months
38.3%
$147,290
298
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$147,290
Funded
Started on
Funded on
Repaid on
Matures on
03/01/2017
Pending
03/09/2018

FINANCIAL OVERVIEW

After Repair Value (ARV)
$385,016
Total Project Costs
$328,234
$56,782
GROUNDFLOOR
$147,290
$180,944
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$220,794
Purchase Date
03/10/2017
Loan To ARV
38.3%
Loan To Total Project Cost
44.9%

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

VALUATION REPORTS

As Complete (ARV)
$385,016
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

The Borrower intends to use the loan proceeds to complete a renovation to the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

PROPERTY PHOTOS

THE COMPANY PLAYED NO ROLE IN THE PREPARATION OF ANY OF THE VALUATION SOURCES OR ANY OTHER MATERIALS PROVIDED BY THE BORROWER. WHILE WE BELIEVE THE DATA CONTAINED THEREIN IS HELPFUL, WE DO NOT USE IT AS THE SOLE BASIS FOR A FUNDING DECISION.