LOAN SUMMARY | 6380 Jess Ct, Saint Cloud, FL 34771
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.
GROUNDFLOOR has received a payoff request good through June 1, 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 June 1, 2022. Please keep in mind closing dates are subject to change.
The borrower has advised the project is complete and in the process of being listed.
The borrower has advised the following renovations are complete or in progress:
The borrower has advised that renovations are nearing completion.
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 or in progress:
FINANCIAL OVERVIEW
After Repair Value (ARV)
$485,000
Total Project Costs
$380,420
$104,580
GROUNDFLOOR
$363,720
$16,700
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$305,900
Purchase Date
11/19/2021
Loan To ARV
75.0%
Loan To Total Project Cost
95.6%
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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)
$485,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps
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