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LOAN SUMMARY | 36 E. NEW STREET, WINDER, GA 30680 36 E New Street, Winder, GA 30680

Df717b7198e095fed2acb1c7c313b50bca021a3b

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
13.4%
12 months
53.8%
$70,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$70,000
Repaid on 10/24/2016

FUNDING HISTORY AND KEY MILESTONES

Started on
12/08/2015
Funded on
01/30/2016
Repaid on
10/24/2016
Matures on
02/03/2017

LOAN UPDATES

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GROUNDFLOOR - 10/17/2016

There is no update to the status of this property.

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GROUNDFLOOR - 9/7/2016

The borrower has advised that a new contractor is being consulted to potential be engaged to complete the works.

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GROUNDFLOOR - 7/25/2016

The Borrower has advised that a new GC has been appointed to complete the renovation works. Further updates to follow.

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GROUNDFLOOR - 6/9/2016

Foundation work is underway. The foundation repair contractor estimates the work will be complete in approximately 1 week. 

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GROUNDFLOOR - 5/24/2016

The foundation work has been delayed due to an issue with a contractor; however, the Borrower is actively working to resolve the issue and will be ready to finish the remaining works once the foundation is complete. 

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GROUNDFLOOR - 4/19/2016

Foundation work expected to begin the week of 4/25/2016. 

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GROUNDFLOOR - 3/24/2016

Progress is ongoing and renovation works continue. 

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GROUNDFLOOR - 3/1/2016

Demolition is nearly complete. The carport, carpet, kitchen counters, and sheetrock drop ceilings have been removed, the bathroom has been gutted, and the repairs on windows and walls have begun. 

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GROUNDFLOOR - 2/2/2016

This loan was fully funded on 1/29/2016 by 72 investors. 

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.