B

LOAN SUMMARY | 4133 Orchard Lake Court Southeast, Atlanta, GA 30339

BORROWER

Investor's Network LLC
Brandon Thompson and George Hardy IV - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.6%
12 months
62.5%
$500,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$500,000
Repaid on 07/21/2017
Started on
Funded on
Repaid on
Matured on
08/05/2016
08/02/2016
07/21/2017
08/04/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$800,000
Total Project Costs
$650,000
$150,000
GROUNDFLOOR
$500,000
$150,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$500,000
Purchase Date
TBD
Loan To ARV
62.5%
Loan To Total Project Cost
76.9%

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
4
4
Skin-in-the-Game
3
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$800,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • Investor's Network is owned jointly by Brandon Thompson and Will Hardy. The Principal information reflects the entirety of their real estate experience.
  • The Borrower is using the loan proceeds to pay off an existing loan that was used to acquire the property. Groundfloor will assume the first lien position. Because the project is nearly complete, the Borrower will use its own funds to finish the renovation and market the property.
  • The renovation of the property 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.
  • The funding of this senior loan will be subject to a clean title search, and the resolution of any title or tax issues.
  • Please consult the Offering Circular