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LOAN SUMMARY | 29 CHEROKEE ST, NEWNAN, GA 30263 29 Cherokee St, Newnan, GA 30263

B602a544f0a800b1e8c655b9cb2367c43f08269f

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
16%
12 months
65.2%
$88,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$88,000
Repaid on 03/03/2016
Started on
Funded on
Repaid on
Matured on
10/14/2015
11/03/2015
03/03/2016
11/10/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$135,000
Total Project Costs
$64,900
$70,100
GROUNDFLOOR
$88,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$64,900
Purchase Date
TBD
Loan To ARV
65.2%
Loan To Total Project Cost
135.6%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
0
10
Quality of Valuation Report
2
4
Skin-in-the-Game
0
10
Location
2
8
Borrower Experience
0
5
Borrower Commitment
0
1

VALUATION REPORTS

As Complete (ARV)
$135,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • Investor Network is owned jointly by Brandon Thompson and Will Hardy. It is located in Villa Rica, GA.
  • The borrower expects to purchase the property for $64,900.
  • The borrower is using loan proceeds for the entire purchase price of the property, and will therefore have no skin-in-the-game.
  • A closing date has not been seen 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 acquisition will be subject to a clean title search, and the resolution of any title or tax issues.
  • The renovation 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.
  • Please consult the Offering Circular.