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LOAN SUMMARY | 319 THOMAS DORSEY DRIVE 319 Thomas Dorsey Drive, Villa Rica, GA 30180

F5687f5ad244f26b4be925aa9c7fd97ff6f7aa3d

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
16%
12 months
62.7%
$69,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$69,000
Repaid on 10/18/2016
Started on
Funded on
Repaid on
Matures on
07/05/2016
07/21/2016
10/18/2016
07/26/2017

LOAN UPDATES

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GROUNDFLOOR - 10/4/2016

There is no update on this loan at this time.

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GROUNDFLOOR - 9/7/2016

The borrower has advised that the property has gone under contract.

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GROUNDFLOOR - 8/30/2016
The borrower has advised that all renovation works have been completed and the property is being marketed for sale.
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GROUNDFLOOR - 8/1/2016

The loan closed on 27 July 2016. The Borrower has advised works have progressed expeditiously and the project is 50% completed.

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GROUNDFLOOR - 7/20/2016

This loan was fully funded on 7/20/2016 by 110 investors. 

FINANCIAL OVERVIEW

After Repair Value (ARV)
$110,000
Total Project Costs
$69,000
$41,000
GROUNDFLOOR
$69,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$47,324
Purchase Date
TBD
Loan To ARV
62.7%
Loan To Total Project Cost
100.0%

GRADE FACTORS

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
4
10
Quality of Valuation Report
3
4
Skin-in-the-Game
0
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$110,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

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.