C

LOAN SUMMARY | 914 Windemere Circle, Maryville, TN 37803

BORROWER

Borrower 379
- principal
Rate
Projected Term
Loan To ARV
Loan Amount
Investors
13%
6 months
13.9%
$35,000
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Refinance - Rehab
First Lien
$35,000
Repaid on 08/02/2016
Started on
Funded on
Repaid on
Matured on
01/29/2016
01/26/2016
08/02/2016
07/28/2016

FINANCIAL OVERVIEW

After Repair Value (ARV)
$251,000
Total Project Costs
$110,000
$141,000
GROUNDFLOOR
$35,000
$75,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$110,000
Purchase Date
07/29/2014
Loan To ARV
13.9%
Loan To Total Project Cost
31.8%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
7
10
Quality of Valuation Report
2
4
Skin-in-the-Game
10
10
Location
2
8
Borrower Experience
2
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$251,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower has only undertaken one project in the past, and has not sold it yet. As such, the borrower's average revenue, costs, and margins cannot be calculated.
  • The renovation of the property 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