LOAN SUMMARY | 604 Sioux Dr, Jacksonville, NC 28540
BORROWER
Purchase & Renovation |
Purchase & Renovation |
GROUNDFLOOR has received a payoff request good through February 15, 2022. Please keep in mind closing dates are subject to change.
The borrower has advised the property is currently under contract, with an expected closing date of February 15, 2022. Please keep in mind closing dates are subject to change.
The borrower has advised the project is complete.
The borrower has advised that renovations are nearing completion, and listing is scheduled.
The borrower has advised that renovations are nearing completion.
The borrower has advised that interior renovations are nearing completion, and exterior renovations are in progress.
The borrower has advised the following renovations are complete:
The borrower has advised the following renovations are complete or in progress:
The borrower has advised the following renovations are complete or in progress:
The borrower has advised the following renovations are complete:
The borrower has advised that roof inspection is complete, and floor repairs are in progress.
Demolition is 90% complete and roofing 100% complete. new heat pump is installed with electrical. Painting and flooring work shall begin next week.
FINANCIAL OVERVIEW
After Repair Value (ARV)
$179,900
Total Project Costs
$143,130
$36,770
GROUNDFLOOR
$113,130
$30,000
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$90,000
Purchase Date
09/09/2021
Loan To ARV
62.9%
Loan To Total Project Cost
79.0%
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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)
$179,900
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps
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