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LOAN SUMMARY | 56 Marquette St, Park Forest, IL 60466

BORROWER

Borrower 398
- principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
7%
6 months
30.8%
$20,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$20,000
Repaid on 08/31/2018
Started on
Funded on
Repaid on
Matured on
11/13/2015
11/23/2015
08/31/2018
05/13/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$65,000
Total Project Costs
$12,400
$52,600
GROUNDFLOOR
$20,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$12,400
Purchase Date
07/07/2015
Loan To ARV
30.8%
Loan To Total Project Cost
161.3%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
10
Quality of Valuation Report
3
4
Skin-in-the-Game
8
10
Location
2
8
Borrower Experience
4
5
Borrower Commitment
1

VALUATION REPORTS

As Complete (ARV)
$65,000
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.
  • Please consult the Offering Circular