C

LOAN SUMMARY | 6420 Buckhurst Trail, College Park, GA 30349

BORROWER

Bolden Capital Group, LLC
Edward Bolden - principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
11%
12 months
63.3%
$51,930
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Purchase & Renovation
First Lien
$51,930
Repaid on 06/28/2018
Started on
Funded on
Repaid on
Matured on
08/03/2017
08/31/2017
06/28/2018
08/02/2018

FINANCIAL OVERVIEW

After Repair Value (ARV)
$82,000
Total Project Costs
$59,760
$22,240
GROUNDFLOOR
$51,930
$7,830
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$40,000
Purchase Date
TBD
Loan To ARV
63.3%
Loan To Total Project Cost
86.9%

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

VALUATION REPORTS

As Complete (ARV)
$82,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

6420 BUCKHURST TRAIL, COLLEGE PARK, GA 30349
The Borrower intends to use the loan proceeds to purchase and renovate the property. Upon completion, the Borrower plans to refinance the property to repay the Groundfloor loan.

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower was advanced the money it needed to purchase this property on August 3, 2017 by Groundfloor Finance Inc. ("Groundfloor," “we,” “us,” or “our”) or a wholly-owned subsidiary of Groundfloor. The Borrower is now in possession of the property. If this offering is fully subscribed, Groundfloor will continue to administer and service the loan as further described in the Offering Circular.
  • 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's 2016 revenue was derived from rental properties because the Borrower's primary focus in 2016 was buy and hold.
  • Please consult the Offering Circular