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LOAN SUMMARY | 1419 GUS THORNHILL JR DR Atlanta , GA 30344

11d3d70a1ca9ffebc01aa6d2586e38b45db557e1

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
12%
12 months
45.5%
$75,000
2
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$75,000
Repaid on 04/20/2016
Started on
Funded on
Repaid on
Matured on
05/30/2014
10/12/2014
04/20/2016
10/17/2015

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
CLOSING CONDITIONS
  • Loan is conditioned upon a clean title search and valid title insurance at the time of close.
DEVELOPER FEES
  • We generally charge borrowers an origination fee (which typically ranges between 2% and 6% of the principal loan amount) and a servicing fee (which typically ranges between 0.5% and 2%) for our services.
  • We do not take a "spread" on any part of the interest payments.
  • Borrowers may capitalize the cost of closing into the principal amount of their request. These closing costs typically range from $500 to $1500.
  • Unless otherwise limited by applicable law, we will charge a penalty of up to 2% for any extension made to the Borrower. See “Fees and Related Expenses” in the Offering Circular.
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.