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LOAN SUMMARY | 701 LAKEWOOD AVENUE 701 Lakewood Avenue, Tampa, FL 33613

Ffe510a15b998ad6b86950c2dbc22e64b1c8c7db

BORROWER


Rate
Projected Term
Loan to Value Range
Loan Amount
Investors
13.4%
12 months
63.2%
$113,700
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Acquisition & Renovation
First Lien
$113,700
Repaid on 01/30/2017
Started on
Funded on
Repaid on
Matures on
10/04/2016
01/30/2017
10/11/2017

LOAN UPDATES

Gf triangle
GROUNDFLOOR - 1/24/2017

The borrower has advised that the property is now under contract.

Gf triangle
GROUNDFLOOR - 12/23/2016

The borrower has advised that the works have been completed.

FINANCIAL OVERVIEW

After Repair Value (ARV)
$180,000
Total Project Costs
$126,300
$53,700
GROUNDFLOOR
$113,700
$12,600
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$100,000
Purchase Date
TBD
Loan To ARV
63.2%
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
4
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)
$180,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY DESCRIPTION

The Borrower intends to use the loan proceeds to purchase and renovate the property. Upon completion, the Borrower intends to sell the property to repay the Groundfloor loan.

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.