LOAN SUMMARY | 1262 Mull St, Jacksonville, FL 32205
BORROWER
Purchase & Renovation |
Purchase & Renovation |
GROUNDFLOOR is pleased to announce that this loan has repaid in full. Please refer to your dashboard for repayment details.
The borrower has advised that sale negotiations are in progress.
GROUNDFLOOR has received an updated payoff request good through June 30, 2022. Please keep in mind closing dates are subject to change.
GROUNDFLOOR has received a payoff request good through June 17, 2022. Please keep in mind closing dates are subject to change.
The borrower has advised that the property remains listed on the market.
The borrower has advised the following renovations are complete:
The borrower has advised the property is actively listed on the market.
The borrower has advised that the renovations are in progress.
The borrower has advised that renovations are ongoing.
The borrower has advised that renovations are ongoing.
The borrower has advised that renovations have begun.
FINANCIAL OVERVIEW
After Repair Value (ARV)
$180,000
Total Project Costs
$139,070
$40,930
GROUNDFLOOR
$125,160
$13,910
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$130,000
Purchase Date
08/25/2021
Loan To ARV
69.5%
Loan To Total Project Cost
90.0%
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Grade Factors
The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
Quality of Valuation Report
Skin-in-the-Game
Location
Borrower Experience
Borrower Commitment
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VALUATION REPORTS
As Complete (ARV)
$180,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps
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