GROUNDFLOOR | What are you building?

LOAN SUMMARY | 71 Willow Bend DR NW, Cartersville, GA 30121

Borrower 364

- principal

25.8%

6 months

21.9%

$25,000

Refinance - Rehab

Second Lien

$25,000

Repaid on 05/23/2016

11/13/2015

11/23/2015

05/23/2016

05/13/2016

FINANCIAL OVERVIEW After Repair Value (ARV) $129,900 Total Project Costs $80,000 $49,900 GROUNDFLOOR $25,000 $72,000 0% Skin-in-the-Game First Lien Loan Second Lien Loan Cushion Purchase Price $80,000 Purchase Date TBD Loan To ARV 21.9% Loan To Total Project Cost 35.6%	Grade Factors The following factors determine in part how the loan was graded: (in descending order of importance) Loan To ARV Score 1 10 Quality of Valuation Report 2 4 Skin-in-the-Game 4 10 Location 2 8 Borrower Experience 3 5 Borrower Commitment 1 1
	VALUATION REPORTS As Complete (ARV) $129,900 Certified Independent Appraisal Broker's Price Opinion Borrower Provided Appraisal Borrower Provided Comps

The loan is in a second lien position behind another lender. In the case of default, it is unlikely we will be able to recover the full amount of the loan.
The borrower expects to purchase the property for $80,000 and will use the proceeds from our loan for repair costs.
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.
The acquisition will be subject to a clean title search, and the resolution of any title or tax issues.
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