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LOAN SUMMARY | 51 WARREN STREET NE 51 Warren St NE, Atlanta, GA 30317

D6a35bd6ff23d70a19b2245ff46748fa85a93865

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
20%
12 months
9.1%
$50,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
New Construction
Second Lien
$50,000
Repaid on 09/27/2015
Started on
Funded on
Repaid on
Matured on
10/04/2014
12/10/2014
09/27/2015
12/22/2015

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
CLOSING CONDITIONS
  • Loan is conditioned upon a clean title search subject to liens held by the primary lender and valid title insurance at the time of close.
DEVELOPER FEES
  • We generally charge borrowers an origination fee (which typically ranges between 2% and 6% of the principal loan amount) and a servicing fee (which typically ranges between 0.5% and 2%) for our services.
  • We do not take a "spread" on any part of the interest payments.
  • Borrowers may capitalize the cost of closing into the principal amount of their request. These closing costs typically range from $500 to $1500.
  • Unless otherwise limited by applicable law, we will charge a penalty of up to 2% for any extension made to the Borrower. See “Fees and Related Expenses” in the Offering Circular.
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.