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LOAN SUMMARY | 454 Dunbar Street Southwest, Atlanta, GA 30310

BORROWER

Gold Properties, LLC
Michaela Graham - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
9.6%
12 months
17.5%
$30,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$30,000
Repaid on 03/07/2017
Started on
Funded on
Repaid on
Matured on
11/01/2016
12/02/2016
03/07/2017
10/31/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$171,000
Total Project Costs
$75,000
$96,000
GROUNDFLOOR
$30,000
$45,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$15,000
Purchase Date
10/14/2015
Loan To ARV
17.5%
Loan To Total Project Cost
40.0%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
6
10
Quality of Valuation Report
3
4
Skin-in-the-Game
10
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$171,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

454 DUNBAR STREET SOUTHWEST, ATLANTA, GA 30310
The Borrower intends to use the loan proceeds to complete a renovation to the property. Upon completion, the Borrower plans to refinance the property to repay the Groundfloor loan.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • We advanced the Borrower the money it needed to begin renovation of this property on November 4, 2016 through a wholly owned subsidiary. The Borrower has now begun renovation. If this offering is fully subscribed, the loan and associated loan documents will be assigned to us from the subsidiary, and we will continue to administer and service the loan per the terms of our Offering Circular. Some of the proceeds from the sale of LROs will be used to repay the subsidiary for the portion of the loan it has already advanced.
  • 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 Borrower has not undertaken any project in the past year. As such, the Borrower's average revenue, costs, and margins cannot be calculated.
  • Please consult the Offering Circular