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LOAN SUMMARY | 7415 RATON ST 7415 Raton St, Houston, TX 77055

0f0443412af948817efee35317d6ed263973248a

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
6.4%
12 months
13.3%
$100,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
New Construction
First Lien
$100,000
Repaid on 10/24/2016
Started on
Funded on
Repaid on
Matured on
07/03/2014
10/19/2015
10/24/2016
10/26/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$750,000
Total Project Costs
$200,000
$750,000
GROUNDFLOOR
$100,000
$100,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$120,000
Purchase Date
12/21/2014
Loan To ARV
13.3%
Loan To Total Project Cost
0.0%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
9
10
Quality of Valuation Report
1
4
Skin-in-the-Game
10
10
Location
5
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$750,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • New construction may be subject to delays and other unexpected issues.
  • The developer is contributing its own funds to the total project costs, which is reflected as a higher "Skin-in-the-Game" score.
  • We have limited experience in making loans for new construction projects.
  • It may be more difficult to collect against an uncompleted new construction project.
  • We have no experience in managing or completing construction projects that go into default.
  • Please consult the Offering Circular.