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LOAN SUMMARY | 5260 SOUTH LANDINGS DRIVE 5260 South Landings Drive #1703, Fort Myers, FL 33919

335e1a7fb5b5e6164d1c28b11bfa259fc316274d

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
9.6%
12 months
61.0%
$372,090
431
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$372,090
Funded
Started on
Funded on
Repaid on
Matures on
11/16/2016
Pending
12/20/2017

LOAN UPDATES

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GROUNDFLOOR - 4/26/2017

The borrower has advised that works are expected to be completed in the next week.

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GROUNDFLOOR - 3/21/2017
The borrower has advised that the drywall works have been completed and cabinets have been installed.
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GROUNDFLOOR - 2/16/2017
The borrower has advised that demolition works have been completed. In addition, plumbing rough-in works have been completed.

FINANCIAL OVERVIEW

After Repair Value (ARV)
$610,000
Total Project Costs
$413,434
$196,566
GROUNDFLOOR
$372,090
$41,344
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$337,834
Purchase Date
12/12/2016
Loan To ARV
61.0%
Loan To Total Project Cost
90.0%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
5
10
Quality of Valuation Report
4
4
Skin-in-the-Game
2
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$610,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

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.