B

LOAN SUMMARY | 2997 Stone Mountain St, lithonia, GA 30058

BORROWER

Bay Business Properties LLC
Ezechial Tchouako - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.6%
12 months
46.0%
$80,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$80,000
Repaid on 08/22/2017
Started on
Funded on
Repaid on
Matured on
07/22/2016
07/13/2016
08/22/2017
07/21/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$174,000
Total Project Costs
$131,500
$42,500
GROUNDFLOOR
$80,000
$51,500
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$51,500
Purchase Date
04/07/2016
Loan To ARV
46.0%
Loan To Total Project Cost
60.8%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
6
10
Quality of Valuation Report
3
4
Skin-in-the-Game
7
10
Location
4
8
Borrower Experience
4
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$174,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower is a new entity and does not have any assets or operating history.
  • 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