LOAN SUMMARY | 1858 Grant Rd SW, Atlanta, GA 30331
BORROWER
Purchase & Renovation |
Purchase & Renovation |
GROUNDFLOOR has received a payoff request good through May 6, 2022. Please keep in mind closing dates are subject to change.
GROUNDFLOOR has received an updated payoff request good through April 8, 2022. Please keep in mind closing dates are subject to change.
The borrower has advised that doors, cabinets, and tops are complete.
The borrower has advised that renovations are 90% complete.
The borrower has advised the following renovations are complete or in progress:
The borrower has advised the following renovations are in progress:
The borrower has advised the following renovations are complete or in progress:
The borrower has advised that painting and wall repair are complete.
The borrower has advised that rough electrical and plumbing are complete.
The borrower has advised that renovations are ongoing.
The borrower has advised the following renovations are complete or in progress:
Plumbing rough: 100%
Electrical rough: 100%
Deck:100%
The borrower has advised that permitting is complete.
The borrower has advised that permitting is complete.
FINANCIAL OVERVIEW
After Repair Value (ARV)
$220,000
Total Project Costs
$193,090
$26,910
GROUNDFLOOR
$153,990
$39,100
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$110,000
Purchase Date
09/23/2021
Loan To ARV
70.0%
Loan To Total Project Cost
79.8%
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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)
$220,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps
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