GROUNDFLOOR | What are you building?

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PROJECT SUMMARY | 24 HASTINGS STREET, STOW, MA 01775

BORROWER

Property Rehab Solutions, LLC

Chad E. King - principal

10.5%

9 months

69.7%

$264,780

Purchase & Renovation

First Lien

$264,780

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

FINANCIAL OVERVIEW After Repair Value (ARV) $380,000 Total Project Costs $309,780 $70,220 GROUNDFLOOR $264,780 $45,000 0% Skin-in-the-Game First Lien Loan Cushion Purchase Price $210,000 Purchase Date TBD Loan To ARV 69.7% Loan To Total Project Cost 85.5%	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 4 4 Skin-in-the-Game 2 10 Location 4 8 Borrower Experience 2 5 Borrower Commitment 1 1
	VALUATION REPORTS As Complete (ARV) $380,000 Certified Independent Appraisal Broker's Price Opinion Borrower Provided Appraisal Borrower Provided Comps

PROPERTY DESCRIPTION

Address: 24 HASTINGS STREET, STOW, MA 01775

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

We generally charge borrowers an origination fee (which typically ranges between 2% and 6% of the principal loan amount) and a servicing fee (which typically ranges between 0.5% and 2%) for our services.
We do not take a "spread" on any part of the interest payments.
Borrowers 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, we will charge a penalty of up to 2% for any extension made to the Borrower. See “Fees and Related 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.

PROPERTY REHAB SOLUTIONS, LLC

DATE OF FORMATION

09/11/2016

Value of Properties

$150.2K

Total Debt

$11K

Completed Projects

Revenue

$440K

Unsold Inventory

Aged Inventory

Gross Margin %

28.19%

PRINCIPAL

Chad E. King

FOCUS

Fix & Flip

Loans Funded

Loans Repaid

Completed Projects Per Year

Average Project Revenue

$220K

On Time
Repayment

75.0%

Average Project
Time

4 months

Average Total
Project Costs

$165K

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 | 24 HASTINGS STREET, STOW, MA 01775

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 | 24 HASTINGS STREET, STOW, MA 01775

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.