C

LOAN SUMMARY | 36 E New Street, Winder, GA 30680

BORROWER

Borrower 409
- principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
13.4%
12 months
53.8%
$70,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$70,000
Repaid on 10/24/2016
Started on
Funded on
Repaid on
Matured on
02/10/2016
02/09/2016
10/24/2016
02/09/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$130,000
Total Project Costs
$21,000
$109,000
GROUNDFLOOR
$70,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$21,000
Purchase Date
04/03/2015
Loan To ARV
53.8%
Loan To Total Project Cost
333.3%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
3
10
Quality of Valuation Report
2
4
Skin-in-the-Game
10
Location
2
8
Borrower Experience
4
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$130,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower is a newly formed entity, created for the purposes of completing this project. As such, the Borrower has limited operating history.
  • The funding of this senior loan will be subject to a clean title search and the resolution of any title or tax issues.
  • The Principal has only undertaken one project in the past, and has not sold it yet. As such, the Principal's average revenue and average project time cannot be calculated.
  • The renovation 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.
  • Please consult the Offering Circular