GROUNDFLOOR | What are you building?

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PROJECT SUMMARY | 209 CLAY STREET SOUTHEAST, ATLANTA, GA 30317

BORROWER

Create A Steady Hustle LLC

Samuel D White IV - principal

13%

12 months

79.6%

$489,260

Purchase & Renovation

First Lien

$489,260

Balloon payment - principal and interest returned on repayment / due at maturity.

FINANCIAL OVERVIEW After Repair Value (ARV) $615,000 Total Project Costs $547,240 $67,760 GROUNDFLOOR $489,260 $57,980 0% Skin-in-the-Game First Lien Loan Cushion Purchase Price $320,000 Purchase Date TBD Loan To ARV 79.6% Loan To Total Project Cost 89.4%	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 4 4 Skin-in-the-Game 10 10 Location 4 8 Borrower Experience 3 5 Borrower Commitment 1 1
	VALUATION REPORTS As Complete (ARV) $615,000 Certified Independent Appraisal Broker's Price Opinion Borrower Provided Appraisal Borrower Provided Comps

PROPERTY DESCRIPTION

Address: 209 CLAY STREET SOUTHEAST #2, ATLANTA, GA 30317

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS

Please consult the Offering Circular for further discussion of general risk factors.

CLOSING CONDITIONS

Loan is conditioned upon a clean title search and valid title insurance at the time of close.

DEVELOPER FEES

GROUNDFLOOR generally charges borrowers between 2% and 6% of the principal amount of the loan for our services.
GROUNDFLOOR does not take a 'spread' on any part of the interest payments.
Developers may capitalize the cost of closing into the principal amount of their request. These closing costs typically range from $500 to $1500.
Unless otherwise limited by applicable law, GROUNDFLOOR will charge a penalty of 2% for any extension made to the borrower. See GROUNDFLOOR 'Fees and Expenses' in the Offering Circular

BORROWER SUMMARY
UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED.

BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.

CREATE A STEADY HUSTLE LLC

DATE OF FORMATION

10/11/2016

Value of Properties

$325K

Total Debt

$174.6K

Completed Projects

Revenue

$736K

Unsold Inventory

Aged Inventory

Gross Margin %

26.36%

PRINCIPAL

Samuel D White IV

FOCUS

Fix & Flip

Loans Funded

Loans Repaid

Completed Projects Per Year

Average Project Revenue

$360K

On Time
Repayment

50.0%

Average Project
Time

5 months

Average Total
Project Costs

$250K

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.

Buy Equity in Groundfloor

PROJECT SUMMARY | 209 CLAY STREET SOUTHEAST, ATLANTA, GA 30317

BORROWER

FINANCIAL OVERVIEW

Grade Factors

VALUATION REPORTS

PROPERTY DESCRIPTION

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS

CLOSING CONDITIONS

DEVELOPER FEES

BORROWER SUMMARY
UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED.

BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.

Investor

Borrower

PROJECT SUMMARY | 209 CLAY STREET SOUTHEAST, ATLANTA, GA 30317

BORROWER

FINANCIAL OVERVIEW

Grade Factors

VALUATION REPORTS

PROPERTY DESCRIPTION

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS

CLOSING CONDITIONS

DEVELOPER FEES

BORROWER SUMMARY UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED. BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.

BORROWER SUMMARY
UNLESS NOTED WITH A , INFORMATION BELOW IS SUPPLIED BY THE BORROWER AND IS NOT VERIFIED.

BORROWERS REPRESENT AND WARRANT THAT INFORMATION SUPPLIED IS ACCURATE.