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LOAN SUMMARY | 3510 SW 63RD LANE 3510 Southwest 63rd Lane, Gainesville, FL 32608

296bbed5c6831fb4bafdc611be68c95e2d8d4818

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
6.5%
12 months
50.8%
$155,000
349
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$155,000
Funded
Started on
Funded on
Repaid on
Matures on
02/09/2017
Pending
02/13/2018

LOAN UPDATES

Gf triangle
GROUNDFLOOR - 4/27/2017

The borrower has advised that works are continuing expeditiously.  The borrower expects the works to be completed in the next two months.

FINANCIAL OVERVIEW

After Repair Value (ARV)
$500,000
Total Project Costs
$350,000
$150,000
GROUNDFLOOR
$155,000
$195,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$250,000
Purchase Date
09/06/2016
Loan To ARV
31.0%
Loan To Total Project Cost
44.3%

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

VALUATION REPORTS

As Complete (ARV)
$500,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

The Borrower intends to use the loan proceeds to complete a renovation to the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

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.