C

LOAN SUMMARY | 4455 Huntington Forest Boulevard, Jacksonville, FL 32257

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
10%
6 months
75.0%
$210,850
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Purchase & Renovation
First Lien
$210,850
Repaid on 11/01/2021
Started on
Funded on
Repaid on
Matured on
06/07/2021
09/07/2021
11/01/2021
12/06/2021

FINANCIAL OVERVIEW

After Repair Value (ARV)
$281,134
Total Project Costs
$218,330
$62,804
GROUNDFLOOR
$210,850
$7,480
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$167,000
Purchase Date
06/07/2021
Loan To ARV
75.0%
Loan To Total Project Cost
96.6%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
3
10
Quality of Valuation Report
4
4
Skin-in-the-Game
1
10
Location
4
8
Borrower Experience
5
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$281,134
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

MISCELLANEOUS

PROJECT SPECIFIC RISK FACTORS
  • The Borrower was advanced the money it needed to purchase this property on June 7, 2021 by Groundfloor Finance Inc. (“Groundfloor,” “we,” “us,” or “our”) or a wholly-owned subsidiary of Groundfloor. The Borrower is now in possession of the property. If this offering is fully subscribed, Groundfloor will continue to administer and service the loan as further described in the Offering Circular.
  • 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.
  • The Borrower has not completed or sold any projects in the past year. As such, the Borrower's average revenue, costs, and margins cannot be calculated.
  • Please consult the Offering Circular