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LOAN SUMMARY | 295 North Claybrook Street, Memphis, TN 38104

BORROWER

Conwell Investment Strategies, LLC
Eric Conwell - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
7.4%
9 months
37.2%
$54,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$54,000
Repaid on 03/23/2017
Started on
Funded on
Repaid on
Matured on
05/31/2016
05/21/2016
03/23/2017
02/28/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$145,000
Total Project Costs
$116,000
$29,000
GROUNDFLOOR
$54,000
$62,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$49,267
Purchase Date
TBD
Loan To ARV
37.2%
Loan To Total Project Cost
46.6%

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
3
4
Skin-in-the-Game
10
10
Location
4
8
Borrower Experience
4
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$145,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower has undertaken two projects in the past, and has not sold one yet. As such, the Borrower's average revenue, costs, and margins cannot be calculated.
  • 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