F

LOAN SUMMARY | 4626 Brooks Street NE, Washington, DC 20019

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
23.8%
12 months
27.9%
$97,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
Second Lien
$97,000
Repaid on 07/31/2017
Started on
Funded on
Repaid on
Matured on
01/11/2016
12/06/2015
07/31/2017
01/10/2017

FINANCIAL OVERVIEW

After Repair Value (ARV)
$360,000
Total Project Costs
$130,000
$230,000
GROUNDFLOOR
$97,000
$145,000
0%
Skin-in-the-Game
First Lien Loan
Second Lien Loan
Cushion
Purchase Price
$130,000
Purchase Date
01/28/2015
Loan To ARV
27.9%
Loan To Total Project Cost
77.3%

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
2
4
Skin-in-the-Game
1
10
Location
3
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$360,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • 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.
  • The loan is in a second lien position behind another lender. In the case of default, it is unlikely we will be able to recover the full amount of the loan.
  • There is a $145,000 loan ahead of Groundfloor on this property, which the borrower is currently paying down. This is why the Total Debt value is less than the loan principal that is ahead of us. Please see the Total Debt value in the Borrower Summary.
  • Please consult the Offering Circular