GROUNDFLOOR | What are you building?

LOAN SUMMARY | 668 Bryan Street, Atlanta, GA 30312

Borrower 384

- principal

19.4%

12 months

16.1%

$60,000

New Construction

Second Lien

$60,000

Repaid on 01/08/2016

09/25/2015

09/23/2015

01/08/2016

09/25/2016

FINANCIAL OVERVIEW After Repair Value (ARV) $395,000 Total Project Costs $80,000 $315,000 GROUNDFLOOR $60,000 $220,000 0% Skin-in-the-Game First Lien Loan Second Lien Loan Cushion Purchase Price $80,000 Purchase Date TBD Loan To ARV 16.1% Loan To Total Project Cost 79.4%	Grade Factors The following factors determine in part how the loan was graded: (in descending order of importance) Loan To ARV Score 3 10 Quality of Valuation Report 1 4 Skin-in-the-Game 2 10 Location 5 8 Borrower Experience 5 5 Borrower Commitment 1 1
	VALUATION REPORTS As Complete (ARV) $395,000 Certified Independent Appraisal Broker's Price Opinion Borrower Provided Appraisal Borrower Provided Comps

A closing date has not been seen yet for the purchase of this property. We will not originate a loan on this property until the closing process commences.
Although the borrower has negotiated to purchase the property for the stated purchase price, there can be no assurances the borrower will close on the acquisition at this price. However, the borrower's Skin-in-the-Game will not change regardless of any changes to the closing price.
There is no existing structure on this property, or if there is, it will be demolished.
The security interest will initially be in the value of the land, and will include any fixtures, and eventually the structure as it is completed.
New construction is complex and subject to permitting, and there may be delays or other unexpected issues.
We will be in a secondary lien position behind a primary lender.
In the event of a default, the senior lien holder has priority during the recovery process.
Please consult the Offering Circular