LOAN SUMMARY | 309 EAST 37TH STREET 309 East 37th Street, Savannah, GA 31401
The borrower has advised that the project is about 85% complete.
The borrower has advised that he expects to receive the permit this week to resume the renovations, and hopes to have the property listed on the market within the next three to four weeks.
Please be advised, this loan could potentially be impacted by Hurricane Irma. We have confirmed that the appropriate insurance coverage is in place. We will provide additional updates as they are received and the storm passes.
Please refer to our September 08, 2017 Hurricane Response blog post for additional information on how Groundfloor manages the risk posed by natural disasters, including more information about our management of insurance coverage.
Visit: Hurricane Response.
After Repair Value (ARV)
Total Project Costs
First Lien Loan
As Complete (ARV)
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps