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LOAN SUMMARY | 10751 HALLSTEAD DR , Saint Louis, MO 63136

BORROWER


Rate
Projected Term
Loan To ARV
Loan Amount
Investors
8.5%
9 months
60.9%
$74,930
0
Purpose
Loan Position
Total Loan Amount
Loan Status
Purchase & Renovation
First Lien
$74,930
Repaid on 06/19/2020
Started on
Funded on
Repaid on
Matures on
03/12/2020
06/19/2020
03/12/2021

LOAN UPDATES

GROUNDFLOOR - 6/8/2020

GROUNDFLOOR has received an updated payoff request for June 25, 2020. Please keep in mind closing dates are subject to change.

GROUNDFLOOR - 5/6/2020

GROUNDFLOOR has received a payoff request for May 21, 2020. Please keep in mind closing dates are subject to change.

GROUNDFLOOR - 4/16/2020

The borrower has advised the project is complete.

GROUNDFLOOR - 4/3/2020

The borrower has advised the following renovations are complete, or in progress:

  • All three bathrooms have been completed.
  • Cabinet installation is in progress.
  • Painting is in progress.
  • New ceiling fans have been installed.

FINANCIAL OVERVIEW

After Repair Value (ARV)
$123,000
Total Project Costs
$83,330
$39,670
GROUNDFLOOR
$74,930
$8,400
0%
Skin-in-the-Game
First Lien Loan
Cushion
Purchase Price
$36,700
Purchase Date
TBD
Loan To ARV
60.9%
Loan To Total Project Cost
89.5%

Grade Factors

The following factors determine in part how the loan was graded:
(in descending order of importance)
Loan To ARV Score
5
10
Quality of Valuation Report
4
4
Skin-in-the-Game
2
10
Location
4
8
Borrower Experience
3
5
Borrower Commitment
1
1

VALUATION REPORTS

As Complete (ARV)
$123,000
Certified Independent Appraisal
Broker's Price Opinion
Borrower Provided Appraisal
Borrower Provided Comps

PROPERTY PHOTOS

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