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LOAN SUMMARY | 66 W BOW STREET, FRANKLIN, NH 03235 66 Bow St., Franklin, NH 03235

C417984e75491f5ac74df41f76732abc0acf7d25

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
13.4%
12 months
50.0%
$60,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Renovation
First Lien
$60,000
Repaid on 04/14/2016
Started on
Funded on
Repaid on
Matured on
09/24/2015
11/06/2015
04/14/2016
11/12/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$120,000
Total Project Costs
$40,000
$80,000
GROUNDFLOOR
$60,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$40,000
Purchase Date
TBD
Loan To ARV
50.0%
Loan To Total Project Cost
150.0%

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
0
10
Location
2
8
Borrower Experience
4
5
Borrower Commitment
2
1

VALUATION REPORTS

As Complete (ARV)
$120,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The borrower purchased the property for $40,000. There is an existing mortgage on the property for $28,000 that will be repaid; we will not originate a loan on this property until that mortgage is repaid.
  • 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.